Miracle Mile Advisors LLC Purchases 2,289 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Miracle Mile Advisors LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 95.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,690 shares of the exchange traded fund’s stock after acquiring an additional 2,289 shares during the quarter. Miracle Mile Advisors LLC’s holdings in SPDR Gold Shares were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GLD. Axxcess Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 1.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 35,402 shares of the exchange traded fund’s stock worth $6,070,000 after purchasing an additional 639 shares during the period. LaSalle St. Investment Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 14.7% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 2,337 shares of the exchange traded fund’s stock worth $400,000 after purchasing an additional 300 shares during the period. KPP Advisory Services LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $1,706,000. Riggs Asset Managment Co. Inc. boosted its holdings in shares of SPDR Gold Shares by 1.5% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 72,615 shares of the exchange traded fund’s stock worth $12,450,000 after purchasing an additional 1,104 shares during the period. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of SPDR Gold Shares by 17.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 1,483 shares of the exchange traded fund’s stock worth $254,000 after purchasing an additional 225 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock traded up $0.56 on Monday, reaching $215.57. The company had a trading volume of 3,603,454 shares, compared to its average volume of 7,314,377. The firm’s 50-day moving average price is $216.20 and its two-hundred day moving average price is $202.93. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.66.

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).