Partners Wealth Management LLC Takes $223,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Partners Wealth Management LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 922 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $31,000. PayPay Securities Corp raised its stake in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the third quarter worth about $35,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares during the third quarter worth about $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $270.74 on Monday. The stock has a fifty day moving average price of $253.00 and a 200 day moving average price of $245.50. SPDR Gold Shares has a 12 month low of $187.05 and a 12 month high of $271.84.

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).