Gilliland Jeter Wealth Management LLC Makes New $391,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Gilliland Jeter Wealth Management LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,047 shares of the exchange traded fund’s stock, valued at approximately $391,000.

Other hedge funds have also modified their holdings of the company. Miracle Mile Advisors LLC raised its holdings in shares of SPDR Gold Shares by 33.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock worth $459,000 after buying an additional 607 shares in the last quarter. Syon Capital LLC acquired a new stake in SPDR Gold Shares during the 3rd quarter valued at $6,972,000. Raymond James & Associates increased its holdings in SPDR Gold Shares by 0.5% during the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock valued at $161,466,000 after purchasing an additional 4,242 shares in the last quarter. Marks Wealth LLC acquired a new stake in SPDR Gold Shares during the 4th quarter valued at $33,299,000. Finally, Planned Solutions Inc. acquired a new stake in SPDR Gold Shares during the 4th quarter valued at $65,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.3 %

GLD stock traded up $0.70 during midday trading on Friday, reaching $216.62. 6,268,504 shares of the company’s stock traded hands, compared to its average volume of 11,521,039. The company has a 50-day simple moving average of $204.56 and a two-hundred day simple moving average of $192.42. 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).