Aries Wealth Management lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,561 shares of the exchange traded fund’s stock after purchasing an additional 292 shares during the quarter. Aries Wealth Management’s holdings in SPDR Gold Shares were worth $2,916,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth approximately $26,000. Frazier Financial Advisors LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $26,000. Security National Bank bought a new position in shares of SPDR Gold Shares in the 1st quarter worth $28,000. Finally, Gold Investment Management Ltd. purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 1.2 %
GLD traded up $2.65 during trading on Friday, reaching $232.02. The stock had a trading volume of 5,418,171 shares, compared to its average volume of 7,195,282. The business has a 50-day moving average of $222.11 and a 200-day moving average of $212.64. SPDR Gold Shares has a one year low of $168.30 and a one year high of $234.01.
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).
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