Private Wealth Management Group LLC Invests $155,000 in SPDR Gold Shares (NYSEARCA:GLD)

Private Wealth Management Group LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 642 shares of the exchange traded fund’s stock, valued at approximately $155,000.

Other large investors have also recently added to or reduced their stakes in the company. Diversified Trust Co raised its holdings in shares of SPDR Gold Shares by 31.1% in the 3rd quarter. Diversified Trust Co now owns 3,854 shares of the exchange traded fund’s stock valued at $937,000 after purchasing an additional 915 shares in the last quarter. Ignite Planners LLC acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $326,000. Sugarloaf Wealth Management LLC raised its holdings in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares in the last quarter. City Holding Co. boosted its holdings in shares of SPDR Gold Shares by 20.7% in the 3rd quarter. City Holding Co. now owns 4,907 shares of the exchange traded fund’s stock valued at $1,193,000 after buying an additional 841 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in SPDR Gold Shares by 8.3% during the 3rd quarter. Brookstone Capital Management now owns 140,692 shares of the exchange traded fund’s stock worth $34,197,000 after acquiring an additional 10,806 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $264.13 on Thursday. The firm has a fifty day moving average price of $247.12 and a 200 day moving average price of $241.33. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $265.99.

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).