Heritage Investors Management Corp Purchases 1,366 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Heritage Investors Management Corp boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 123.1% in the third quarter, Holdings Channel.com reports. The firm owned 2,476 shares of the exchange traded fund’s stock after buying an additional 1,366 shares during the quarter. Heritage Investors Management Corp’s holdings in SPDR Gold Shares were worth $602,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Romano Brothers AND Company raised its holdings in SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares in the last quarter. Delta Financial Group Inc. raised its holdings in SPDR Gold Shares by 1.2% in the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares in the last quarter. Compton Wealth Advisory Group LLC raised its holdings in SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares in the last quarter. Ballast Inc. raised its holdings in SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in SPDR Gold Shares by 2.2% in the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock worth $455,000 after purchasing an additional 45 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 $253.36 on Wednesday. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $257.71. The business has a fifty day moving average price of $243.23 and a 200-day moving average price of $228.11.

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).