Golden State Wealth Management LLC Acquires Shares of 13,168 SPDR Gold Shares (NYSEARCA:GLD)

Golden State Wealth Management LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,168 shares of the exchange traded fund’s stock, valued at approximately $3,188,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the third quarter worth $28,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $38,000. Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $39,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares during the third quarter worth about $40,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.3 %

NYSEARCA:GLD opened at $263.43 on Friday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $265.99. The stock has a 50-day simple moving average of $247.54 and a 200 day simple moving average of $241.49.

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).