FSR Wealth Management Ltd. Takes $317,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

FSR Wealth Management Ltd. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,308 shares of the exchange traded fund’s stock, valued at approximately $317,000.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the third quarter worth $38,000. Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares in the fourth quarter valued at $39,000. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares during the third quarter valued at $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $263.90 on Monday. The business’s 50-day moving average is $248.30 and its 200-day moving average is $242.07. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $266.35.

SPDR Gold Shares Company 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).