Aries Wealth Management Buys 453 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Aries Wealth Management lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,513 shares of the exchange traded fund’s stock after purchasing an additional 453 shares during the period. SPDR Gold Shares accounts for about 1.0% of Aries Wealth Management’s holdings, making the stock its 27th biggest position. Aries Wealth Management’s holdings in SPDR Gold Shares were worth $3,514,000 at the end of the most recent reporting period.

Other institutional 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 in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the third quarter worth $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the third quarter worth $38,000. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares in the 4th quarter valued at $39,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $40,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $270.31 on Friday. The company’s 50-day moving average is $249.73 and its 200 day moving average is $243.07. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $270.39.

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).