Financial Management Network Inc. Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Financial Management Network Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,827 shares of the exchange traded fund’s stock after buying an additional 250 shares during the period. Financial Management Network Inc.’s holdings in SPDR Gold Shares were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $31,000. PayPay Securities Corp lifted its position in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.7 %

Shares of GLD opened at $270.70 on Wednesday. The company has a 50 day moving average price of $251.61 and a 200-day moving average price of $244.45. SPDR Gold Shares has a fifty-two week low of $187.05 and a fifty-two week high of $271.01.

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).