Navellier & Associates Inc. Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Navellier & Associates Inc. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 246.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,065 shares of the exchange traded fund’s stock after purchasing an additional 5,024 shares during the period. Navellier & Associates Inc.’s holdings in SPDR Gold Shares were worth $1,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenleaf Trust boosted its holdings in SPDR Gold Shares by 29.2% in the 3rd quarter. Greenleaf Trust now owns 4,361 shares of the exchange traded fund’s stock worth $1,060,000 after buying an additional 985 shares during the last quarter. Romano Brothers AND Company boosted its holdings in SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares during the last quarter. Mcdaniel Terry & Co. acquired a new stake in SPDR Gold Shares in the 3rd quarter worth about $234,000. Global Trust Asset Management LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter worth about $243,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in SPDR Gold Shares in the 3rd quarter worth about $16,794,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

GLD stock opened at $270.74 on Friday. SPDR Gold Shares has a 12-month low of $187.05 and a 12-month high of $271.84. The business’s 50-day moving average is $253.00 and its 200 day moving average is $245.15.

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).