SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by West Michigan Advisors LLC

West Michigan Advisors LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 42.4% during the third quarter, Holdings Channel reports. The firm owned 3,001 shares of the exchange traded fund’s stock after acquiring an additional 893 shares during the quarter. West Michigan Advisors LLC’s holdings in SPDR Gold Shares were worth $729,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Obermeyer Wood Investment Counsel Lllp increased its holdings in shares of SPDR Gold Shares by 4.4% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after acquiring an additional 490 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in shares of SPDR Gold Shares by 5.1% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock worth $1,063,000 after acquiring an additional 239 shares during the period. Independence Bank of Kentucky increased its holdings in shares of SPDR Gold Shares by 9.8% in the 1st quarter. Independence Bank of Kentucky now owns 2,070 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 185 shares during the period. RDA Financial Network increased its holdings in shares of SPDR Gold Shares by 1.8% in the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares during the period. Finally, Mission Wealth Management LP increased its holdings in shares of SPDR Gold Shares by 10.8% in the 1st quarter. Mission Wealth Management LP now owns 5,251 shares of the exchange traded fund’s stock worth $1,080,000 after acquiring an additional 512 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.8 %

GLD stock opened at $252.76 on Friday. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $253.94. The firm’s 50-day simple moving average is $239.18 and its 200 day simple moving average is $225.85.

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).