Sweeney & Michel LLC Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Sweeney & Michel LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,604 shares of the exchange traded fund’s stock after purchasing an additional 100 shares during the quarter. Sweeney & Michel LLC’s holdings in SPDR Gold Shares were worth $906,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GLD. St. Johns Investment Management Company LLC boosted its stake in SPDR Gold Shares by 5.7% during the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock valued at $5,704,000 after buying an additional 1,492 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its holdings in SPDR Gold Shares by 4.4% during 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 purchasing an additional 490 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in SPDR Gold Shares by 5.1% during 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 purchasing an additional 239 shares during the period. Independence Bank of Kentucky increased its holdings in SPDR Gold Shares by 9.8% during the 1st quarter. Independence Bank of Kentucky now owns 2,070 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 185 shares during the period. Finally, Mission Wealth Management LP increased its holdings in SPDR Gold Shares by 10.8% during the 1st quarter. Mission Wealth Management LP now owns 5,251 shares of the exchange traded fund’s stock worth $1,080,000 after purchasing an additional 512 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

Shares of NYSEARCA:GLD traded up $1.63 on Tuesday, reaching $252.85. The company had a trading volume of 1,254,888 shares, compared to its average volume of 6,963,518. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $253.30. The firm’s 50 day simple moving average is $238.17 and its 200-day simple moving average is $225.40.

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).