SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 83.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,357 shares of the exchange traded fund’s stock after buying an additional 1,072 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $451,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. TRUE Private Wealth Advisors lifted its stake in shares of SPDR Gold Shares by 31.0% in the 4th quarter. TRUE Private Wealth Advisors now owns 7,478 shares of the exchange traded fund’s stock valued at $1,430,000 after purchasing an additional 1,768 shares during the period. Tyche Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth about $1,749,000. Avior Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 5.5% during the 4th quarter. Avior Wealth Management LLC now owns 3,810 shares of the exchange traded fund’s stock worth $728,000 after acquiring an additional 200 shares in the last quarter. Allen Capital Group LLC boosted its stake in shares of SPDR Gold Shares by 7.5% during the 4th quarter. Allen Capital Group LLC now owns 2,641 shares of the exchange traded fund’s stock worth $505,000 after acquiring an additional 185 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. grew its position in shares of SPDR Gold Shares by 7.6% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 33,862 shares of the exchange traded fund’s stock valued at $6,473,000 after acquiring an additional 2,404 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded down $0.78 during trading hours on Wednesday, reaching $220.44. The company’s stock had a trading volume of 5,261,827 shares, compared to its average volume of 7,808,667. The company’s 50-day moving average is $199.63 and its two-hundred day moving average is $190.06. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09.

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).