Larson Financial Group LLC Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Larson Financial Group LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 220.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,425 shares of the exchange traded fund’s stock after acquiring an additional 16,108 shares during the quarter. Larson Financial Group LLC’s holdings in SPDR Gold Shares were worth $5,694,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its position in SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Arizona PSPRS Trust bought a new position in SPDR Gold Shares during the 2nd quarter valued at about $157,187,000. Cetera Investment Advisers grew its holdings in SPDR Gold Shares by 461.0% during the 1st quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after purchasing an additional 577,210 shares during the last quarter. Strategic Financial Concepts LLC raised its position in SPDR Gold Shares by 9,654.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after purchasing an additional 544,807 shares during the period. Finally, Granite Bay Wealth Management LLC lifted its stake in SPDR Gold Shares by 25,320.8% in the second quarter. Granite Bay Wealth Management LLC now owns 516,551 shares of the exchange traded fund’s stock worth $111,854,000 after purchasing an additional 514,519 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.3 %

Shares of NYSEARCA GLD opened at $249.84 on Friday. The business’s 50 day moving average price is $246.03 and its 200-day moving average price is $230.62. SPDR Gold Shares has a fifty-two week low of $183.15 and a fifty-two week high of $257.71.

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).