Miracle Mile Advisors LLC Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Miracle Mile Advisors LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 95.3% in the 1st quarter, Holdings Channel reports. The firm owned 4,690 shares of the exchange traded fund’s stock after buying an additional 2,289 shares during the period. Miracle Mile Advisors LLC’s holdings in SPDR Gold Shares were worth $965,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Scarborough Advisors LLC raised its stake in SPDR Gold Shares by 10,133.3% during the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after acquiring an additional 2,636,376 shares during the last quarter. International Assets Investment Management LLC raised its stake in SPDR Gold Shares by 19,989.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock valued at $465,888,000 after acquiring an additional 2,424,904 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in SPDR Gold Shares during the 1st quarter valued at approximately $144,269,000. GLOBALT Investments LLC GA purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $124,066,000. Finally, Euclidean Capital LLC raised its stake in SPDR Gold Shares by 91.4% during the 3rd quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after acquiring an additional 507,500 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $0.56 on Monday, hitting $215.57. 3,603,454 shares of the company’s stock were exchanged, compared to its average volume of 7,314,377. The firm’s 50-day moving average price is $216.20 and its two-hundred day moving average price is $202.93. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66.

SPDR Gold Shares Company 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).