Miracle Mile Advisors LLC Purchases 607 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Miracle Mile Advisors LLC increased its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 33.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,401 shares of the exchange traded fund’s stock after purchasing an additional 607 shares during the quarter. Miracle Mile Advisors LLC’s holdings in SPDR Gold Shares were worth $459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Sei Investments Co. bought a new position in SPDR Gold Shares in the first quarter worth $24,420,000. Covestor Ltd lifted its holdings in shares of SPDR Gold Shares by 69.4% during the first quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 218 shares during the period. Merit Financial Group LLC lifted its holdings in shares of SPDR Gold Shares by 18.6% during the first quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock valued at $501,000 after acquiring an additional 435 shares during the period. First Western Trust Bank bought a new position in shares of SPDR Gold Shares during the first quarter valued at $256,000. Finally, Prudential Financial Inc. lifted its holdings in shares of SPDR Gold Shares by 32.5% during the first quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock valued at $6,666,000 after acquiring an additional 9,049 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $210.86 on Wednesday. The business has a fifty day moving average of $193.44 and a two-hundred day moving average of $187.01. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $211.03.

About SPDR Gold Shares

(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).

See Also

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

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