Obermeyer Wood Investment Counsel Lllp Has $2.07 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Obermeyer Wood Investment Counsel Lllp lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,820 shares of the exchange traded fund’s stock after acquiring an additional 948 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in SPDR Gold Shares were worth $2,068,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Miracle Mile Advisors LLC lifted its position in shares of SPDR Gold Shares by 33.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $459,000 after acquiring an additional 607 shares during the period. Syon Capital LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $6,972,000. Raymond James & Associates lifted its position in shares of SPDR Gold Shares by 0.5% during the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock valued at $161,466,000 after acquiring an additional 4,242 shares during the period. Marks Wealth LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at $33,299,000. Finally, Planned Solutions Inc. acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at $65,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3 %

Shares of SPDR Gold Shares stock traded up $0.75 during trading on Thursday, reaching $220.34. 6,483,231 shares of the company traded hands, compared to its average volume of 7,881,406. The company has a 50 day moving average price of $200.25 and a 200-day moving average price of $190.27. 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).