MBA Advisors LLC Has $1.06 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

MBA Advisors LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 19.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,392 shares of the exchange traded fund’s stock after selling 1,051 shares during the quarter. MBA Advisors LLC’s holdings in SPDR Gold Shares were worth $1,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC increased its position in shares of SPDR Gold Shares by 49.2% during the fourth quarter. Savant Capital LLC now owns 31,238 shares of the exchange traded fund’s stock worth $7,564,000 after buying an additional 10,298 shares during the period. RAM Investment Partners LLC boosted its position in SPDR Gold Shares by 35.6% during the fourth quarter. RAM Investment Partners LLC now owns 1,356 shares of the exchange traded fund’s stock valued at $328,000 after acquiring an additional 356 shares during the last quarter. OMC Financial Services LTD grew its holdings in SPDR Gold Shares by 10.8% during the 4th quarter. OMC Financial Services LTD now owns 41,377 shares of the exchange traded fund’s stock worth $10,019,000 after acquiring an additional 4,028 shares during the period. Wealthstar Advisors LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $1,104,000. Finally, HTLF Bank raised its position in shares of SPDR Gold Shares by 4.4% in the 4th quarter. HTLF Bank now owns 1,487 shares of the exchange traded fund’s stock worth $360,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $263.90 on Monday. The stock’s 50-day moving average is $248.30 and its 200 day moving average is $242.07. SPDR Gold Shares has a one year low of $183.78 and a one year high of $266.35.

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).