SPDR Gold Shares (NYSEARCA:GLD) Position Boosted by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 54.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331 shares of the exchange traded fund’s stock after acquiring an additional 116 shares during the period. McClarren Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GLD. Wellington Management Group LLP increased its stake in SPDR Gold Shares by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 221,938 shares of the exchange traded fund’s stock valued at $42,428,000 after buying an additional 17,428 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $26,000. AdvisorNet Financial Inc increased its stake in shares of SPDR Gold Shares by 6.5% during the first quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock valued at $2,528,000 after acquiring an additional 751 shares during the period. Traynor Capital Management Inc. raised its holdings in SPDR Gold Shares by 19.9% during the first quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 285 shares in the last quarter. Finally, Austin Private Wealth LLC raised its holdings in SPDR Gold Shares by 40.0% during the first quarter. Austin Private Wealth LLC now owns 2,683 shares of the exchange traded fund’s stock worth $571,000 after purchasing an additional 766 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of NYSEARCA GLD opened at $251.27 on Monday. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $251.37. The stock has a fifty day moving average price of $237.71 and a two-hundred day moving average price of $225.12.

SPDR Gold Shares 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).