Harbour Investments Inc. Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Harbour Investments Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,111 shares of the exchange traded fund’s stock after purchasing an additional 4,473 shares during the period. Harbour Investments Inc.’s holdings in SPDR Gold Shares were worth $16,312,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GLD. Apollon Wealth Management LLC grew its position in shares of SPDR Gold Shares by 22.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 25,431 shares of the exchange traded fund’s stock worth $6,181,000 after buying an additional 4,588 shares during the period. Jeppson Wealth Management LLC boosted its stake in SPDR Gold Shares by 5.4% during the third quarter. Jeppson Wealth Management LLC now owns 7,486 shares of the exchange traded fund’s stock worth $1,820,000 after acquiring an additional 381 shares in the last quarter. Fountainhead AM LLC grew its holdings in SPDR Gold Shares by 20.7% in the third quarter. Fountainhead AM LLC now owns 1,332 shares of the exchange traded fund’s stock worth $324,000 after purchasing an additional 228 shares during the period. Lynx Investment Advisory increased its stake in shares of SPDR Gold Shares by 3.6% during the third quarter. Lynx Investment Advisory now owns 16,066 shares of the exchange traded fund’s stock valued at $3,905,000 after purchasing an additional 553 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of SPDR Gold Shares by 7.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 33,227 shares of the exchange traded fund’s stock valued at $8,076,000 after purchasing an additional 2,432 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $242.14 on Tuesday. The business’s 50 day moving average price is $244.18 and its 200-day moving average price is $228.80. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71.

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).