SPDR Gold Shares (NYSEARCA:GLD) Stake Raised by FFG Partners LLC

FFG Partners LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,350 shares of the exchange traded fund’s stock after buying an additional 1,518 shares during the quarter. SPDR Gold Shares comprises 6.7% of FFG Partners LLC’s portfolio, making the stock its 3rd biggest holding. FFG Partners LLC’s holdings in SPDR Gold Shares were worth $19,287,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new position in SPDR Gold Shares in the first quarter worth about $309,000. ORG Partners LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $42,000. Valley National Advisers Inc. increased its position in shares of SPDR Gold Shares by 21.3% during the 2nd quarter. Valley National Advisers Inc. now owns 650 shares of the exchange traded fund’s stock valued at $139,000 after purchasing an additional 114 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Finally, Miracle Mile Advisors LLC raised its holdings in SPDR Gold Shares by 2.3% during the 2nd quarter. Miracle Mile Advisors LLC now owns 4,800 shares of the exchange traded fund’s stock valued at $1,032,000 after buying an additional 110 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock traded down $1.71 during midday trading on Friday, reaching $245.57. The stock had a trading volume of 645,970 shares, compared to its average volume of 6,962,837. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company has a fifty day moving average of $246.61 and a 200 day moving average of $233.05.

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).