Marks Group Wealth Management Inc Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Marks Group Wealth Management Inc increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,404 shares of the exchange traded fund’s stock after purchasing an additional 147 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SPDR Gold Shares were worth $340,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GLD. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $38,000. Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares during the 4th quarter worth about $39,000. Finally, Maryland Capital Advisors Inc. bought a new position in SPDR Gold Shares in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1 %

Shares of GLD opened at $267.67 on Thursday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $268.66. The business’s 50-day moving average price is $249.27 and its 200-day moving average price is $242.89.

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).