ACT Wealth Management LLC Has $20.86 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

ACT Wealth Management LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 86,164 shares of the exchange traded fund’s stock after selling 5,706 shares during the period. SPDR Gold Shares makes up about 9.8% of ACT Wealth Management LLC’s portfolio, making the stock its 4th biggest position. ACT Wealth Management LLC’s holdings in SPDR Gold Shares were worth $20,863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. RDA Financial Network boosted its position in SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after buying an additional 88 shares in the last quarter. Advance Capital Management Inc. lifted its stake in shares of SPDR Gold Shares by 9.4% in the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after acquiring an additional 316 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of SPDR Gold Shares by 10.1% in the 2nd quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock valued at $8,514,000 after acquiring an additional 3,630 shares during the last quarter. Inspirion Wealth Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 0.8% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after acquiring an additional 50 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in SPDR Gold Shares during the 3rd quarter worth $564,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.5 %

SPDR Gold Shares stock opened at $253.13 on Wednesday. The stock has a 50-day moving average price of $243.99 and a two-hundred day moving average price of $238.73. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

SPDR Gold Shares 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).