MN Wealth Advisors LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

MN Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,221 shares of the exchange traded fund’s stock after buying an additional 215 shares during the period. MN Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $296,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GLD. International Assets Investment Management LLC boosted its holdings in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Stifel Financial Corp boosted its holdings in shares of SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after purchasing an additional 100,149 shares during the period. State Street Corp boosted its holdings in shares of SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares during the period. US Bancorp DE boosted its holdings in shares of SPDR Gold Shares by 0.5% in the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after purchasing an additional 3,614 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after purchasing an additional 30,952 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.5 %

Shares of NYSEARCA GLD opened at $266.29 on Friday. The stock has a 50 day moving average price of $250.74 and a 200 day moving average price of $243.57. SPDR Gold Shares has a 52-week low of $184.84 and a 52-week high of $270.39.

SPDR Gold Shares 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).