Mission Wealth Management LP Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Mission Wealth Management LP increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.4% during the 4th quarter, Holdings Channel reports. The firm owned 5,735 shares of the exchange traded fund’s stock after purchasing an additional 538 shares during the quarter. Mission Wealth Management LP’s holdings in SPDR Gold Shares were worth $1,389,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its stake in shares of SPDR Gold Shares by 9.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,602 shares of the exchange traded fund’s stock worth $653,000 after buying an additional 234 shares during the last quarter. F M Investments LLC bought a new stake in SPDR Gold Shares during the third quarter worth $234,000. Janney Montgomery Scott LLC boosted its position in SPDR Gold Shares by 4.7% in the third quarter. Janney Montgomery Scott LLC now owns 204,857 shares of the exchange traded fund’s stock worth $49,793,000 after purchasing an additional 9,117 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in SPDR Gold Shares in the 3rd quarter valued at $219,000. Finally, Kanawha Capital Management LLC increased its position in shares of SPDR Gold Shares by 1.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 3,198 shares of the exchange traded fund’s stock valued at $777,000 after purchasing an additional 45 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $266.74 on Tuesday. The company has a market capitalization of $80.18 billion, a P/E ratio of -28.59 and a beta of 0.20. The company’s 50-day moving average is $256.08 and its 200 day moving average is $247.23. SPDR Gold Shares has a fifty-two week low of $193.88 and a fifty-two week high of $272.32.

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).