Aries Wealth Management Buys 453 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Aries Wealth Management boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,513 shares of the exchange traded fund’s stock after acquiring an additional 453 shares during the period. SPDR Gold Shares accounts for 1.0% of Aries Wealth Management’s investment portfolio, making the stock its 27th largest holding. Aries Wealth Management’s holdings in SPDR Gold Shares were worth $3,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in GLD. Romano Brothers AND Company boosted its position 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 in the last quarter. Clarus Group Inc. lifted its stake in SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares during the period. Magnus Financial Group LLC boosted 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 worth $1,780,000 after buying an additional 41 shares in the last quarter. Gradient Capital Advisors LLC grew its position in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock worth $1,391,000 after buying an additional 42 shares during the period. Finally, Spinnaker Trust increased its stake in shares of SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 43 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $270.31 on Friday. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $270.39. The company’s fifty day simple moving average is $249.73 and its 200 day simple moving average is $243.07.

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).