3,019 Shares in SPDR Gold Shares (NYSEARCA:GLD) Purchased by M Wealth Management LLC

M Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,019 shares of the exchange traded fund’s stock, valued at approximately $731,000. SPDR Gold Shares makes up approximately 0.7% of M Wealth Management LLC’s holdings, making the stock its 19th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Romano Brothers AND Company boosted its holdings in SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares in the last quarter. Delta Financial Group Inc. increased its stake in SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares in the last quarter. Magnus Financial Group LLC lifted its stake in shares of SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after buying an additional 41 shares in the last quarter. Spinnaker Trust grew its holdings in shares of SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in shares of SPDR Gold Shares by 3.3% during the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $256.82 on Thursday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The stock has a fifty day simple moving average of $245.79 and a two-hundred day simple moving average of $240.16.

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).