MGO Private Wealth LLC Raises Stake in SPDR Gold Shares (NYSEARCA:GLD)

MGO Private Wealth LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,074 shares of the exchange traded fund’s stock after purchasing an additional 196 shares during the period. MGO Private Wealth LLC’s holdings in SPDR Gold Shares were worth $886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $26,000. Compass Planning Associates Inc acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $39,000. American National Bank & Trust raised its stake in shares of SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 125 shares during the last quarter. Mattson Financial Services LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $56,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $59,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.5%

NYSEARCA:GLD opened at $310.26 on Thursday. The company has a market capitalization of $101.46 billion, a PE ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 52-week low of $212.12 and a 52-week high of $317.63. The stock has a fifty day simple moving average of $305.33 and a 200-day simple moving average of $276.06.

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).