MGB Wealth Management LLC Has $1.07 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

MGB Wealth Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 26.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,207 shares of the exchange traded fund’s stock after acquiring an additional 1,103 shares during the period. MGB Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. KG&L Capital Management LLC grew its position in SPDR Gold Shares by 2.2% during the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after buying an additional 48 shares in the last quarter. Signaturefd LLC lifted its position in shares of SPDR Gold Shares by 0.4% in the 1st quarter. Signaturefd LLC now owns 12,803 shares of the exchange traded fund’s stock worth $2,634,000 after acquiring an additional 49 shares during the period. American National Bank grew its holdings in shares of SPDR Gold Shares by 50.0% during the 1st quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Camden National Bank increased its position in shares of SPDR Gold Shares by 1.4% during the first quarter. Camden National Bank now owns 3,739 shares of the exchange traded fund’s stock valued at $769,000 after purchasing an additional 50 shares during the period. Finally, Hengehold Capital Management LLC raised its stake in shares of SPDR Gold Shares by 3.9% in the first quarter. Hengehold Capital Management LLC now owns 1,340 shares of the exchange traded fund’s stock valued at $276,000 after purchasing an additional 50 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.0 %

GLD stock traded up $0.07 during midday trading on Friday, hitting $223.32. The stock had a trading volume of 3,659,741 shares, compared to its average volume of 7,207,604. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66. The stock has a 50-day simple moving average of $216.89 and a 200 day simple moving average of $204.60.

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).