Mesirow Financial Investment Management Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.8% during the third quarter, Holdings Channel.com reports. The fund owned 236,556 shares of the exchange traded fund’s stock after buying an additional 6,456 shares during the period. SPDR Gold Shares comprises approximately 1.1% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 19th biggest position. Mesirow Financial Investment Management Inc.’s holdings in SPDR Gold Shares were worth $57,497,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of GLD. Pointe Capital Management LLC raised its stake in shares of SPDR Gold Shares by 4.0% during the 1st quarter. Pointe Capital Management LLC now owns 14,478 shares of the exchange traded fund’s stock worth $2,978,000 after buying an additional 563 shares during the period. Inspire Advisors LLC increased its holdings in SPDR Gold Shares by 17.8% in the 1st quarter. Inspire Advisors LLC now owns 2,085 shares of the exchange traded fund’s stock worth $429,000 after acquiring an additional 315 shares in the last quarter. Williams Jones Wealth Management LLC. raised its position in SPDR Gold Shares by 4.8% during the first quarter. Williams Jones Wealth Management LLC. now owns 16,442 shares of the exchange traded fund’s stock worth $3,382,000 after acquiring an additional 746 shares during the period. Addison Capital Co lifted its holdings in SPDR Gold Shares by 16.4% during the first quarter. Addison Capital Co now owns 7,514 shares of the exchange traded fund’s stock valued at $1,546,000 after purchasing an additional 1,058 shares in the last quarter. Finally, Heritage Wealth Advisors increased its stake in shares of SPDR Gold Shares by 691.0% during the first quarter. Heritage Wealth Advisors now owns 107,589 shares of the exchange traded fund’s stock worth $22,133,000 after purchasing an additional 93,987 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
GLD opened at $247.96 on Friday. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.71. The company has a 50-day moving average price of $244.18 and a 200 day moving average price of $228.61.
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).
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