Naples Money Management LLC Acquires New Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Naples Money Management LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 164 shares of the exchange traded fund’s stock, valued at approximately $31,000.

A number of other institutional investors also recently added to or reduced their stakes in GLD. Miracle Mile Advisors LLC boosted its holdings in SPDR Gold Shares by 33.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock worth $459,000 after acquiring an additional 607 shares in the last quarter. Syon Capital LLC acquired a new stake in SPDR Gold Shares in the third quarter worth about $6,972,000. Raymond James & Associates boosted its holdings in SPDR Gold Shares by 0.5% in the fourth quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock worth $161,466,000 after acquiring an additional 4,242 shares in the last quarter. Marks Wealth LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $33,299,000. Finally, Planned Solutions Inc. acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $65,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $221.03 on Friday. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09. The business has a 50-day moving average price of $201.56 and a 200-day moving average price of $190.83.

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).