Nwam LLC Invests $10.39 Million in SPDR Gold Shares (NYSEARCA:GLD)

Nwam LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 42,751 shares of the exchange traded fund’s stock, valued at approximately $10,391,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its holdings in SPDR Gold Shares by 19.5% in the first quarter. Ameritas Investment Partners Inc. now owns 890 shares of the exchange traded fund’s stock valued at $183,000 after acquiring an additional 145 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in SPDR Gold Shares by 15.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,905 shares of the exchange traded fund’s stock valued at $803,000 after acquiring an additional 513 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in SPDR Gold Shares by 5.2% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 2,028 shares of the exchange traded fund’s stock valued at $417,000 after acquiring an additional 100 shares in the last quarter. LRI Investments LLC bought a new stake in SPDR Gold Shares in the first quarter valued at $349,000. Finally, Kestra Advisory Services LLC boosted its holdings in SPDR Gold Shares by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 175,380 shares of the exchange traded fund’s stock valued at $36,079,000 after acquiring an additional 1,369 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

NYSEARCA:GLD opened at $248.20 on Friday. The firm’s fifty day simple moving average is $245.81 and its 200 day simple moving average is $230.27. SPDR Gold Shares has a twelve month low of $183.15 and a twelve month high of $257.71.

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).