Grant GrossMendelsohn LLC Has $11.71 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Grant GrossMendelsohn LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,367 shares of the exchange traded fund’s stock after acquiring an additional 1,063 shares during the period. SPDR Gold Shares accounts for about 6.1% of Grant GrossMendelsohn LLC’s holdings, making the stock its 2nd largest position. Grant GrossMendelsohn LLC’s holdings in SPDR Gold Shares were worth $11,711,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GLD. RDA Financial Network raised its stake in SPDR Gold Shares by 1.8% during the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after purchasing an additional 88 shares during the last quarter. Advance Capital Management Inc. grew its holdings in shares of SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of SPDR Gold Shares by 10.1% in the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock valued at $8,514,000 after purchasing an additional 3,630 shares in the last quarter. Inspirion Wealth Advisors LLC lifted its position in SPDR Gold Shares by 0.8% in the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock worth $1,502,000 after purchasing an additional 50 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in SPDR Gold Shares during the third quarter worth $564,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $249.27 on Friday. The company’s fifty day moving average price is $243.82 and its two-hundred day moving average price is $237.98. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week 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).