Accel Wealth Management Buys 1,965 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Accel Wealth Management lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 49.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,944 shares of the exchange traded fund’s stock after acquiring an additional 1,965 shares during the period. Accel Wealth Management’s holdings in SPDR Gold Shares were worth $1,439,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares in the last quarter. Stifel Financial Corp increased its stake in SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares during the period. State Street Corp raised its position in SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares in the last quarter. US Bancorp DE lifted its stake in SPDR Gold Shares by 0.5% during the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in SPDR Gold Shares by 4.9% during the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after purchasing an additional 30,952 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $255.65 on Friday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The stock has a 50 day simple moving average of $245.31 and a 200-day simple moving average of $239.43.

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).