Marks Group Wealth Management Inc Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

Marks Group Wealth Management Inc lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,257 shares of the exchange traded fund’s stock after selling 262 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SPDR Gold Shares were worth $240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Personal Financial Services purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $25,000. Johnson Midwest Financial LLC raised its holdings in shares of 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. Private Ocean LLC raised its holdings in shares of SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 114 shares during the period. Naples Money Management LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $31,000. Finally, First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $215.00 on Wednesday. The stock’s 50-day moving average is $202.74 and its two-hundred day moving average is $191.79. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09.

SPDR Gold Shares 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).