MinichMacGregor Wealth Management LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,747 shares of the exchange traded fund’s stock after buying an additional 768 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,329,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of GLD. Semmax Financial Advisors Inc. grew its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the third quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Price Performance
Shares of NYSEARCA:GLD opened at $254.43 on Thursday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The business’s 50 day simple moving average is $244.59 and its 200-day simple moving average is $239.07.
About SPDR Gold Shares
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).
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