SVB Wealth LLC Buys 861 Shares of SPDR Gold Shares (NYSEARCA:GLD)

SVB Wealth LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,638 shares of the exchange traded fund’s stock after acquiring an additional 861 shares during the period. SVB Wealth LLC’s holdings in SPDR Gold Shares were worth $8,151,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC boosted its stake in shares of SPDR Gold Shares by 33.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 607 shares in the last quarter. Syon Capital LLC bought a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $6,972,000. Raymond James & Associates boosted its stake in shares of SPDR Gold Shares by 0.5% during the fourth quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock valued at $161,466,000 after purchasing an additional 4,242 shares in the last quarter. Marks Wealth LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $33,299,000. Finally, Planned Solutions Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $65,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.1 %

NYSEARCA GLD opened at $221.24 on Wednesday. The firm’s 50 day moving average price is $199.63 and its 200-day moving average price is $190.06. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09.

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).