ACT Wealth Management LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the fourth quarter, HoldingsChannel reports. The firm acquired 93,729 shares of the exchange traded fund’s stock, valued at approximately $17,918,000. SPDR Gold Shares accounts for approximately 9.7% of ACT Wealth Management LLC’s holdings, making the stock its 5th biggest position.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Intrepid Capital Management Inc. purchased a new stake in SPDR Gold Shares in the 2nd quarter valued at about $27,000. Johnson Midwest Financial LLC grew its holdings in SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares during the period. First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at about $34,000. Worth Asset Management LLC purchased a new stake in SPDR Gold Shares in the 1st quarter valued at about $36,000. Finally, Tower Research Capital LLC TRC grew its holdings in SPDR Gold Shares by 111.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 216 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
GLD opened at $203.10 on Thursday. The business has a 50-day moving average of $191.96 and a two-hundred day moving average of $186.22. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $203.92.
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).
Featured Articles
- Five stocks we like better than SPDR Gold Shares
- Quiet Period Expirations Explained
- Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Delta Airline’s Put Option Activity Isn’t Bad News
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Krispy Kreme’s Sweet Deal: McDonald’s Partnership Sparks Growth?
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
