MGB Wealth Management LLC Has $2.28 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

MGB Wealth Management LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 38.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,428 shares of the exchange traded fund’s stock after purchasing an additional 2,618 shares during the period. SPDR Gold Shares comprises approximately 0.7% of MGB Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. MGB Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,283,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Howard Bailey Securities LLC boosted its holdings in SPDR Gold Shares by 10.1% in the fourth quarter. Howard Bailey Securities LLC now owns 1,259 shares of the exchange traded fund’s stock valued at $305,000 after acquiring an additional 116 shares during the last quarter. Three Bridge Wealth Advisors LLC lifted its position in shares of SPDR Gold Shares by 0.5% in the 4th quarter. Three Bridge Wealth Advisors LLC now owns 30,985 shares of the exchange traded fund’s stock worth $7,502,000 after purchasing an additional 140 shares during the period. Harvey Capital Management Inc. boosted its stake in shares of SPDR Gold Shares by 23.8% in the 4th quarter. Harvey Capital Management Inc. now owns 1,300 shares of the exchange traded fund’s stock valued at $315,000 after purchasing an additional 250 shares during the last quarter. Marks Group Wealth Management Inc increased its position in shares of SPDR Gold Shares by 11.7% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,404 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 147 shares during the period. Finally, Jmac Enterprises LLC raised its stake in SPDR Gold Shares by 56.4% during the fourth quarter. Jmac Enterprises LLC now owns 3,327 shares of the exchange traded fund’s stock worth $806,000 after buying an additional 1,200 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $267.67 on Thursday. The company’s fifty day simple moving average is $249.27 and its 200 day simple moving average is $242.89. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $268.66.

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).