Financial Architects Inc Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Financial Architects Inc grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,911 shares of the exchange traded fund’s stock after acquiring an additional 301 shares during the quarter. Financial Architects Inc’s holdings in SPDR Gold Shares were worth $2,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLD. HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at $27,000. Freedman Financial Associates Inc. increased its stake in SPDR Gold Shares by 118.1% in the 2nd quarter. Freedman Financial Associates Inc. now owns 229 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 124 shares during the period. Abundance Wealth Counselors purchased a new position in SPDR Gold Shares in the 1st quarter worth about $40,000. Ten Capital Wealth Advisors LLC increased its stake in SPDR Gold Shares by 61.7% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 262 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 100 shares during the period. Finally, Burleson & Company LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth about $72,000. 39.20% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares stock traded down $1.02 during midday trading on Wednesday, hitting $167.80. 392,472 shares of the company’s stock were exchanged, compared to its average volume of 8,678,142. SPDR Gold Shares has a 12 month low of $157.13 and a 12 month high of $185.01. The firm has a 50-day moving average of $168.26 and a two-hundred day moving average of $167.86.

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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