MGB Wealth Management LLC Buys 2,618 Shares of SPDR Gold Shares (NYSEARCA:GLD)

MGB Wealth Management LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 38.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,428 shares of the exchange traded fund’s stock after acquiring an additional 2,618 shares during the quarter. SPDR Gold Shares makes up about 0.7% of MGB Wealth Management LLC’s portfolio, making the stock its 27th largest position. MGB Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter valued at $38,000. Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares during the fourth quarter worth $39,000. Finally, Maryland Capital Advisors Inc. acquired a new position in SPDR Gold Shares during the third quarter worth $40,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.1 %

Shares of NYSEARCA GLD opened at $267.67 on Thursday. The company has a 50-day moving average price of $249.27 and a 200-day moving average price of $242.89. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $268.66.

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).