SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Financial Architects Inc

Financial Architects Inc boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,911 shares of the exchange traded fund’s stock after purchasing an additional 301 shares during the quarter. Financial Architects Inc’s holdings in SPDR Gold Shares were worth $2,138,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Bridgeworth LLC boosted its position in SPDR Gold Shares by 1.6% during the 2nd quarter. Bridgeworth LLC now owns 4,000 shares of the exchange traded fund’s stock worth $663,000 after acquiring an additional 62 shares during the period. Bragg Financial Advisors Inc raised its position in shares of SPDR Gold Shares by 1.8% during the first quarter. Bragg Financial Advisors Inc now owns 3,785 shares of the exchange traded fund’s stock worth $605,000 after purchasing an additional 66 shares during the period. Madrona Financial Services LLC raised its position in shares of SPDR Gold Shares by 0.3% during the second quarter. Madrona Financial Services LLC now owns 22,017 shares of the exchange traded fund’s stock worth $3,647,000 after purchasing an additional 66 shares during the period. Accel Wealth Management raised its position in shares of SPDR Gold Shares by 1.4% during the first quarter. Accel Wealth Management now owns 5,278 shares of the exchange traded fund’s stock worth $844,000 after purchasing an additional 72 shares during the period. Finally, MBE Wealth Management LLC raised its position in shares of SPDR Gold Shares by 2.6% during the second quarter. MBE Wealth Management LLC now owns 2,916 shares of the exchange traded fund’s stock worth $483,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 39.20% of the company’s stock.

Shares of SPDR Gold Shares stock traded down $1.02 on Wednesday, reaching $167.80. 392,472 shares of the company were exchanged, compared to its average volume of 8,678,142. SPDR Gold Shares has a fifty-two week low of $157.13 and a fifty-two week high of $185.01. The stock has a fifty day moving average price of $168.26 and a 200-day moving average price of $167.86.

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).

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

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