Members Advisory Group LLC Acquires Shares of 13,222 SPDR Gold Shares (NYSEARCA:GLD)

Members Advisory Group LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, Holdings Channel reports. The fund acquired 13,222 shares of the exchange traded fund’s stock, valued at approximately $3,201,000. SPDR Gold Shares accounts for 1.3% of Members Advisory Group LLC’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC raised its position in shares of SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after buying an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after buying an additional 146,271 shares in the last quarter. Banco Santander S.A. raised its position in shares of SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after buying an additional 114,151 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after buying an additional 100,149 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $270.74 on Friday. The firm has a 50 day moving average of $253.00 and a 200-day moving average of $245.32. SPDR Gold Shares has a 12 month low of $187.05 and a 12 month high of $271.84.

SPDR Gold Shares Company 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).