Institute for Wealth Management LLC. Purchases 56 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Institute for Wealth Management LLC. boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,911 shares of the exchange traded fund’s stock after acquiring an additional 56 shares during the period. Institute for Wealth Management LLC.’s holdings in SPDR Gold Shares were worth $463,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Narus Financial Partners LLC grew its holdings in SPDR Gold Shares by 10.5% in the 4th quarter. Narus Financial Partners LLC now owns 22,367 shares of the exchange traded fund’s stock worth $5,416,000 after acquiring an additional 2,134 shares during the last quarter. Norris Perne & French LLP MI boosted its stake in shares of SPDR Gold Shares by 8.9% during the 4th quarter. Norris Perne & French LLP MI now owns 1,045 shares of the exchange traded fund’s stock valued at $253,000 after purchasing an additional 85 shares in the last quarter. Calton & Associates Inc. boosted its stake in shares of SPDR Gold Shares by 23.3% during the 4th quarter. Calton & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $1,471,000 after purchasing an additional 1,148 shares in the last quarter. Fifth Third Securities Inc. boosted its stake in shares of SPDR Gold Shares by 38.0% during the 4th quarter. Fifth Third Securities Inc. now owns 51,665 shares of the exchange traded fund’s stock valued at $12,510,000 after purchasing an additional 14,228 shares in the last quarter. Finally, M Wealth Management LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $731,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2 %

Shares of GLD opened at $258.56 on Friday. The firm’s 50-day moving average price is $246.21 and its 200-day moving average price is $240.38. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $259.99.

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).