Mmbg Investment Advisors CO. Buys 2,520 Shares of SPDR Gold Shares $GLD

Mmbg Investment Advisors CO. boosted its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 58.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,815 shares of the exchange traded fund’s stock after acquiring an additional 2,520 shares during the period. Mmbg Investment Advisors CO.’s holdings in SPDR Gold Shares were worth $2,423,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mccarter Private Wealth Services LLC increased its position in shares of SPDR Gold Shares by 3.2% during the third quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 27 shares during the period. Norris Perne & French LLP MI grew its holdings in SPDR Gold Shares by 3.3% during the 3rd quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock worth $310,000 after acquiring an additional 28 shares during the period. Revisor Wealth Management LLC raised its position in shares of SPDR Gold Shares by 2.4% in the 3rd quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock worth $452,000 after acquiring an additional 29 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of SPDR Gold Shares by 12.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 29 shares during the period. Finally, Phil A. Younker & Associates Ltd. grew its holdings in SPDR Gold Shares by 4.0% in the third quarter. Phil A. Younker & Associates Ltd. now owns 781 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 30 shares during the period. Institutional investors own 42.19% of the company’s stock.

More SPDR Gold Shares News

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SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $462.62 on Monday. The business has a 50-day simple moving average of $425.87 and a 200 day simple moving average of $377.33. SPDR Gold Shares has a one year low of $261.25 and a one year high of $509.70. The firm has a market capitalization of $175.84 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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