Accurate Wealth Management LLC Acquires 15,656 Shares of SPDR Gold Shares $GLD

Accurate Wealth Management LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 231.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,426 shares of the exchange traded fund’s stock after purchasing an additional 15,656 shares during the period. SPDR Gold Shares makes up about 1.2% of Accurate Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Accurate Wealth Management LLC’s holdings in SPDR Gold Shares were worth $9,295,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GLD. Burns J W & Co. Inc. NY lifted its stake in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after acquiring an additional 25 shares during the last quarter. Boston Standard Wealth Management LLC increased its stake in SPDR Gold Shares by 2.8% in the 4th quarter. Boston Standard Wealth Management LLC now owns 946 shares of the exchange traded fund’s stock worth $375,000 after purchasing an additional 26 shares during the period. Mccarter Private Wealth Services LLC increased its stake in SPDR Gold Shares by 3.2% in the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after purchasing an additional 27 shares during the period. Prudent Investors Network Inc. lifted its position in SPDR Gold Shares by 3.8% in the third quarter. Prudent Investors Network Inc. now owns 734 shares of the exchange traded fund’s stock valued at $261,000 after purchasing an additional 27 shares during the last quarter. Finally, Kelleher Financial Advisors boosted its stake in shares of SPDR Gold Shares by 0.6% during the third quarter. Kelleher Financial Advisors now owns 4,324 shares of the exchange traded fund’s stock valued at $1,537,000 after purchasing an additional 27 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 opened at $414.70 on Friday. SPDR Gold Shares has a fifty-two week low of $272.58 and a fifty-two week high of $509.70. The firm has a market cap of $157.63 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a 50 day moving average price of $455.75 and a 200-day moving average price of $405.93.

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SPDR Gold Shares Profile

(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.

See Also

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

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