Mirae Asset Global Investments Co. Ltd. Buys 800 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Mirae Asset Global Investments Co. Ltd. boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,320 shares of the exchange traded fund’s stock after buying an additional 800 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR Gold Shares were worth $14,529,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GLD. Romano Brothers AND Company increased its stake in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC grew its holdings in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares during the last quarter. Spinnaker Trust increased its position in shares of SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after acquiring an additional 43 shares in the last quarter. Adirondack Trust Co. raised its holdings in shares of SPDR Gold Shares by 3.3% in the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 43 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC lifted its position in SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 44 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $263.43 on Friday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $265.99. The stock has a 50 day moving average price of $247.54 and a two-hundred day moving average price of $241.49.

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).