Genesis Private Wealth LLC Takes $6.54 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Genesis Private Wealth LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,027 shares of the exchange traded fund’s stock, valued at approximately $6,544,000. SPDR Gold Shares makes up about 3.6% of Genesis Private Wealth LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other large investors have also recently modified their holdings of the stock. Beaumont Financial Advisors LLC boosted its stake in SPDR Gold Shares by 20.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,640 shares of the exchange traded fund’s stock worth $639,000 after acquiring an additional 440 shares in the last quarter. Octavia Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 12.7% during the fourth quarter. Octavia Wealth Advisors LLC now owns 2,318 shares of the exchange traded fund’s stock worth $561,000 after acquiring an additional 262 shares in the last quarter. Commons Capital LLC boosted its stake in SPDR Gold Shares by 91.5% during the fourth quarter. Commons Capital LLC now owns 7,444 shares of the exchange traded fund’s stock worth $1,802,000 after acquiring an additional 3,556 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in SPDR Gold Shares by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 6,803 shares of the exchange traded fund’s stock worth $1,647,000 after acquiring an additional 646 shares in the last quarter. Finally, Transform Wealth LLC boosted its stake in SPDR Gold Shares by 57.9% during the fourth quarter. Transform Wealth LLC now owns 35,459 shares of the exchange traded fund’s stock worth $8,586,000 after acquiring an additional 13,004 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.5 %

Shares of SPDR Gold Shares stock opened at $253.13 on Wednesday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company has a 50-day simple moving average of $243.99 and a two-hundred day simple moving average of $238.73.

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).