B. Riley Wealth Advisors Inc. Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

B. Riley Wealth Advisors Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,708 shares of the exchange traded fund’s stock after purchasing an additional 376 shares during the quarter. SPDR Gold Shares comprises about 0.5% of B. Riley Wealth Advisors Inc.’s investment portfolio, making the stock its 29th biggest position. B. Riley Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $18,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Copley Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $71,000. FFG Partners LLC increased its stake in SPDR Gold Shares by 2.0% during the 3rd quarter. FFG Partners LLC now owns 79,350 shares of the exchange traded fund’s stock worth $19,287,000 after buying an additional 1,518 shares during the period. Capasso Planning Partners LLC lifted its holdings in SPDR Gold Shares by 34.3% in the 3rd quarter. Capasso Planning Partners LLC now owns 8,581 shares of the exchange traded fund’s stock worth $2,086,000 after buying an additional 2,193 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its position in SPDR Gold Shares by 25.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $499,000 after buying an additional 416 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of SPDR Gold Shares by 5.6% during the third quarter. Franklin Resources Inc. now owns 104,751 shares of the exchange traded fund’s stock valued at $25,671,000 after acquiring an additional 5,579 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.2 %

NYSEARCA:GLD opened at $244.38 on Friday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business’s 50-day simple moving average is $246.60 and its 200 day simple moving average is $233.24.

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).