GGM Financials LLC Has $752,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

GGM Financials LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 70.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,095 shares of the exchange traded fund’s stock after buying an additional 1,280 shares during the quarter. SPDR Gold Shares makes up 0.6% of GGM Financials LLC’s portfolio, making the stock its 27th largest position. GGM Financials LLC’s holdings in SPDR Gold Shares were worth $752,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Walkner Condon Financial Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 6.6% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 10,565 shares of the exchange traded fund’s stock valued at $2,568,000 after buying an additional 652 shares during the last quarter. D.B. Root & Company LLC raised its position in SPDR Gold Shares by 3.6% during the third quarter. D.B. Root & Company LLC now owns 8,780 shares of the exchange traded fund’s stock worth $2,134,000 after acquiring an additional 303 shares in the last quarter. Spinnaker Trust lifted its stake in SPDR Gold Shares by 1.1% in the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 43 shares during the last quarter. American Capital Advisory LLC grew its position in shares of SPDR Gold Shares by 2.3% in the 3rd quarter. American Capital Advisory LLC now owns 5,369 shares of the exchange traded fund’s stock valued at $1,305,000 after acquiring an additional 122 shares during the period. Finally, Maia Wealth LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $72,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 3.0 %

Shares of GLD stock opened at $245.72 on Thursday. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71. The firm’s 50-day moving average is $243.51 and its 200-day moving average is $228.24.

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).