Golden State Wealth Management LLC Makes New $3.19 Million Investment in SPDR Gold Shares (NYSEARCA:GLD)

Golden State Wealth Management LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel.com reports. The fund bought 13,168 shares of the exchange traded fund’s stock, valued at approximately $3,188,000.

Several other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the third quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at $38,000. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares during the third quarter worth about $40,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.3 %

Shares of NYSEARCA:GLD opened at $263.43 on Friday. The company’s 50-day moving average price is $247.54 and its 200 day moving average price is $241.49. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $265.99.

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).