MN Wealth Advisors LLC Boosts Position in SPDR Gold Shares $GLD

MN Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 101.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,684 shares of the exchange traded fund’s stock after buying an additional 1,350 shares during the period. MN Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $954,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GLD. Brighton Jones LLC boosted its position in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the period. Bison Wealth LLC boosted its position in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after buying an additional 2,600 shares during the period. Vident Advisory LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter worth about $279,000. Amundi grew its stake in shares of SPDR Gold Shares by 680.4% in the first quarter. Amundi now owns 18,925 shares of the exchange traded fund’s stock valued at $5,420,000 after buying an additional 16,500 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of SPDR Gold Shares by 28.8% during the 1st quarter. AQR Capital Management LLC now owns 122,810 shares of the exchange traded fund’s stock valued at $35,386,000 after buying an additional 27,431 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5%

NYSEARCA GLD opened at $398.28 on Friday. SPDR Gold Shares has a fifty-two week low of $242.05 and a fifty-two week high of $418.45. The business has a 50 day moving average price of $385.59 and a two-hundred day moving average price of $348.13. The stock has a market cap of $144.14 billion, a PE ratio of -32.43 and a beta of 0.09.

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SPDR Gold Shares Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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