Institute for Wealth Management LLC. Buys 56 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Institute for Wealth Management LLC. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,911 shares of the exchange traded fund’s stock after purchasing an additional 56 shares during the period. Institute for Wealth Management LLC.’s holdings in SPDR Gold Shares were worth $463,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Romano Brothers AND Company grew its holdings in shares of SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares during the last quarter. Delta Financial Group Inc. grew its holdings in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust grew its holdings in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. grew its holdings in shares of SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2 %

GLD stock opened at $258.56 on Friday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $259.99. The firm’s fifty day moving average is $246.21 and its 200 day moving average is $240.38.

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).