SPDR Gold Shares $GLD Stock Position Raised by Members Advisory Group LLC

Members Advisory Group LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 24.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,866 shares of the exchange traded fund’s stock after purchasing an additional 6,631 shares during the quarter. SPDR Gold Shares accounts for about 4.3% of Members Advisory Group LLC’s holdings, making the stock its 9th biggest holding. Members Advisory Group LLC’s holdings in SPDR Gold Shares were worth $12,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Milestones Private Investment Advisors LLC raised its position in shares of SPDR Gold Shares by 29.1% during the 3rd quarter. Milestones Private Investment Advisors LLC now owns 5,573 shares of the exchange traded fund’s stock valued at $1,981,000 after buying an additional 1,255 shares in the last quarter. Blossom Wealth Management bought a new position in SPDR Gold Shares in the third quarter valued at $344,000. Capital Advantage Inc. increased its stake in SPDR Gold Shares by 7.8% in the third quarter. Capital Advantage Inc. now owns 2,251 shares of the exchange traded fund’s stock valued at $800,000 after acquiring an additional 163 shares during the last quarter. D.A. Davidson & CO. raised its position in SPDR Gold Shares by 33.3% during the third quarter. D.A. Davidson & CO. now owns 81,414 shares of the exchange traded fund’s stock valued at $28,940,000 after purchasing an additional 20,358 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its stake in SPDR Gold Shares by 47.7% during the third quarter. CWA Asset Management Group LLC now owns 160,811 shares of the exchange traded fund’s stock worth $57,164,000 after purchasing an additional 51,936 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Trading Up 2.6%

GLD opened at $408.76 on Tuesday. The stock has a market capitalization of $153.16 billion, a P/E ratio of -32.43 and a beta of 0.09. The stock has a 50-day moving average price of $386.43 and a 200-day moving average price of $349.35. SPDR Gold Shares has a 12-month low of $242.05 and a 12-month high of $418.45.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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