Nwam LLC Acquires Shares of 42,751 SPDR Gold Shares (NYSEARCA:GLD)

Nwam LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,751 shares of the exchange traded fund’s stock, valued at approximately $10,391,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GLD. Ameritas Investment Partners Inc. lifted its position in SPDR Gold Shares by 19.5% during the first quarter. Ameritas Investment Partners Inc. now owns 890 shares of the exchange traded fund’s stock valued at $183,000 after buying an additional 145 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of SPDR Gold Shares by 15.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,905 shares of the exchange traded fund’s stock worth $803,000 after purchasing an additional 513 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of SPDR Gold Shares by 5.2% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 2,028 shares of the exchange traded fund’s stock worth $417,000 after purchasing an additional 100 shares during the last quarter. LRI Investments LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter worth about $349,000. Finally, Kestra Advisory Services LLC raised its position in shares of SPDR Gold Shares by 0.8% in the 1st quarter. Kestra Advisory Services LLC now owns 175,380 shares of the exchange traded fund’s stock worth $36,079,000 after purchasing an additional 1,369 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6 %

GLD opened at $248.20 on Friday. The stock has a 50-day moving average price of $245.81 and a 200-day moving average price of $230.27. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71.

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).