Impact Partnership Wealth LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Impact Partnership Wealth LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 66.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,865 shares of the exchange traded fund’s stock after purchasing an additional 17,159 shares during the period. SPDR Gold Shares accounts for about 2.3% of Impact Partnership Wealth LLC’s portfolio, making the stock its 12th largest position. Impact Partnership Wealth LLC’s holdings in SPDR Gold Shares were worth $10,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GLD. Global Assets Advisory LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $879,000. BTS Asset Management Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter worth approximately $335,000. Romano Brothers AND Company lifted its stake in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after acquiring an additional 40 shares during the period. Patrick M Sweeney & Associates Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $216,000. Finally, Tanager Wealth Management LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $200,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded up $1.65 during mid-day trading on Thursday, hitting $252.52. The company’s stock had a trading volume of 1,281,102 shares, compared to its average volume of 6,962,852. The business’s fifty day moving average is $239.18 and its two-hundred day moving average is $225.85. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $253.94.

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).