Gateway Wealth Partners LLC Has $367,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Gateway Wealth Partners LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,516 shares of the exchange traded fund’s stock after selling 224 shares during the quarter. Gateway Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mayflower Financial Advisors LLC lifted its stake in SPDR Gold Shares by 12.6% in the 4th quarter. Mayflower Financial Advisors LLC now owns 15,269 shares of the exchange traded fund’s stock valued at $3,697,000 after purchasing an additional 1,709 shares during the last quarter. DHK Financial Advisors Inc. raised its stake in SPDR Gold Shares by 3.4% in the fourth quarter. DHK Financial Advisors Inc. now owns 27,549 shares of the exchange traded fund’s stock valued at $6,670,000 after buying an additional 902 shares during the period. BSW Wealth Partners lifted its position in shares of SPDR Gold Shares by 19.0% in the fourth quarter. BSW Wealth Partners now owns 3,606 shares of the exchange traded fund’s stock valued at $873,000 after buying an additional 575 shares during the last quarter. Bensler LLC boosted its stake in shares of SPDR Gold Shares by 45.7% during the 4th quarter. Bensler LLC now owns 1,603 shares of the exchange traded fund’s stock worth $388,000 after acquiring an additional 503 shares during the period. Finally, Wealth Effects LLC increased its holdings in shares of SPDR Gold Shares by 9.7% during the 4th quarter. Wealth Effects LLC now owns 2,208 shares of the exchange traded fund’s stock worth $535,000 after acquiring an additional 195 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.4 %

Shares of SPDR Gold Shares stock opened at $254.20 on Thursday. The business has a fifty day simple moving average of $245.79 and a two-hundred day simple moving average of $240.16. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.

About SPDR Gold Shares

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).