IHT Wealth Management LLC Buys 17,219 Shares of SPDR Gold Shares (NYSEARCA:GLD)

IHT Wealth Management LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 32.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,841 shares of the exchange traded fund’s stock after buying an additional 17,219 shares during the quarter. IHT Wealth Management LLC’s holdings in SPDR Gold Shares were worth $17,267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $25,000. Semmax Financial Advisors Inc. grew its stake in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Private Ocean LLC increased its position in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth about $29,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD traded up $1.09 during trading on Tuesday, hitting $244.53. 700,812 shares of the company traded hands, compared to its average volume of 7,001,879. SPDR Gold Shares has a one year low of $183.15 and a one year high of $257.71. The stock’s fifty day moving average is $246.53 and its 200 day moving average is $231.64.

SPDR Gold Shares Company Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).