MFA Wealth Services Invests $242,000 in SPDR Gold Shares (NYSEARCA:GLD)

MFA Wealth Services bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the exchange traded fund’s stock, valued at approximately $242,000.

Other large investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC grew its position in shares of SPDR Gold Shares by 17.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 9,722 shares of the exchange traded fund’s stock worth $2,354,000 after acquiring an additional 1,425 shares during the last quarter. Brighton Jones LLC boosted its stake in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the period. Hengehold Capital Management LLC grew its position in SPDR Gold Shares by 2.1% during the 4th quarter. Hengehold Capital Management LLC now owns 3,975 shares of the exchange traded fund’s stock worth $962,000 after purchasing an additional 82 shares during the last quarter. Montecito Bank & Trust increased its stake in SPDR Gold Shares by 2.8% in the fourth quarter. Montecito Bank & Trust now owns 5,450 shares of the exchange traded fund’s stock valued at $1,320,000 after purchasing an additional 146 shares during the period. Finally, Key Client Fiduciary Advisors LLC raised its holdings in shares of SPDR Gold Shares by 15.7% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 1,470 shares of the exchange traded fund’s stock valued at $356,000 after buying an additional 200 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $254.07 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The business’s 50-day moving average price is $244.59 and its 200 day moving average price is $239.07.

About SPDR Gold Shares

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).