Financial Advocates Investment Management Purchases 631 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Financial Advocates Investment Management boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,354 shares of the exchange traded fund’s stock after purchasing an additional 631 shares during the quarter. SPDR Gold Shares comprises 0.9% of Financial Advocates Investment Management’s holdings, making the stock its 20th biggest position. Financial Advocates Investment Management’s holdings in SPDR Gold Shares were worth $15,098,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GLD. International Assets Investment Management LLC increased its stake in SPDR Gold Shares by 21,571.1% in the third 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 purchasing an additional 3,010,682 shares in the last quarter. Diversify Advisory Services LLC increased its position in shares of SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in SPDR Gold Shares by 47.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after buying an additional 146,271 shares during the period. Banco Santander S.A. lifted its holdings in SPDR Gold Shares by 245.1% during the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd lifted its holdings in SPDR Gold Shares by 1,565.3% during the third quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock worth $27,979,000 after acquiring an additional 108,194 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $264.13 on Thursday. The business has a 50-day moving average of $247.12 and a two-hundred day moving average of $241.33. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $265.99.

About SPDR Gold Shares

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).