Arbor Investment Advisors LLC Acquires 343 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Arbor Investment Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,734 shares of the exchange traded fund’s stock after purchasing an additional 343 shares during the quarter. Arbor Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $420,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GLD. Busey Bank raised its position in SPDR Gold Shares by 8.7% in the 3rd quarter. Busey Bank now owns 3,872 shares of the exchange traded fund’s stock valued at $941,000 after purchasing an additional 311 shares during the last quarter. Blackston Financial Advisory Group LLC bought a new position in SPDR Gold Shares in the 3rd quarter valued at $212,000. Lake Street Advisors Group LLC raised its position in SPDR Gold Shares by 29.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 5,119 shares of the exchange traded fund’s stock valued at $1,244,000 after purchasing an additional 1,159 shares during the last quarter. Joel Isaacson & Co. LLC raised its position in SPDR Gold Shares by 12.4% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 18,362 shares of the exchange traded fund’s stock valued at $4,463,000 after purchasing an additional 2,025 shares during the last quarter. Finally, Mayfair Advisory Group LLC raised its position in SPDR Gold Shares by 9.8% in the 3rd quarter. Mayfair Advisory Group LLC now owns 1,890 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

Shares of GLD opened at $270.74 on Friday. The stock has a fifty day moving average price of $253.00 and a two-hundred day moving average price of $245.32. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.84.

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).