3,019 Shares in SPDR Gold Shares (NYSEARCA:GLD) Acquired by M Wealth Management LLC

M Wealth Management LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,019 shares of the exchange traded fund’s stock, valued at approximately $731,000. SPDR Gold Shares makes up 0.7% of M Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds also recently made changes to their positions in GLD. International Assets Investment Management LLC raised its position in shares of SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in 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 acquiring an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in 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 worth $110,386,000 after purchasing an additional 146,271 shares in the last quarter. Banco Santander S.A. boosted its holdings in shares of SPDR Gold Shares by 245.1% during 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 purchasing an additional 114,151 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd increased its holdings in shares of SPDR Gold Shares by 1,565.3% in the third quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock worth $27,979,000 after purchasing an additional 108,194 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.0 %

NYSEARCA GLD opened at $256.82 on Thursday. The stock has a 50 day moving average price of $245.79 and a 200-day moving average price of $240.16. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71.

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).