WealthNavi Inc. Has $252.23 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

WealthNavi Inc. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,037,738 shares of the exchange traded fund’s stock after selling 165,208 shares during the quarter. SPDR Gold Shares makes up 2.9% of WealthNavi Inc.’s holdings, making the stock its 7th largest holding. WealthNavi Inc. owned about 0.34% of SPDR Gold Shares worth $252,233,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Key Client Fiduciary Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth about $276,000. Wealthcare Advisory Partners LLC lifted its stake in SPDR Gold Shares by 42.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,474 shares of the exchange traded fund’s stock valued at $1,949,000 after acquiring an additional 2,818 shares during the period. Signet Financial Management LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at $231,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SPDR Gold Shares by 0.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,828 shares of the exchange traded fund’s stock valued at $32,880,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors increased its stake in shares of SPDR Gold Shares by 11.9% in the first quarter. Vanguard Capital Wealth Advisors now owns 5,377 shares of the exchange traded fund’s stock worth $1,106,000 after acquiring an additional 573 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

NYSEARCA GLD traded up $1.61 on Thursday, reaching $252.48. 2,765,320 shares of the company’s stock traded hands, compared to its average volume of 6,972,801. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $253.94. The stock has a 50 day moving average price of $239.18 and a 200-day moving average price of $225.85.

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).