CMG Global Holdings LLC Acquires 50 Shares of SPDR Gold Shares (NYSEARCA:GLD)

CMG Global Holdings LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,810 shares of the exchange traded fund’s stock after acquiring an additional 50 shares during the quarter. SPDR Gold Shares comprises 1.6% of CMG Global Holdings LLC’s portfolio, making the stock its 18th largest holding. CMG Global Holdings LLC’s holdings in SPDR Gold Shares were worth $2,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Romano Brothers AND Company raised its position in shares of SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares in the last quarter. Delta Financial Group Inc. raised its holdings in SPDR Gold Shares by 1.2% in the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares in the last quarter. Spinnaker Trust lifted its position in SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the period. Compton Wealth Advisory Group LLC boosted its holdings in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 44 shares in the last quarter. Finally, Ballast Inc. grew its position in shares of SPDR Gold Shares by 3.6% in the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 45 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $249.84 on Friday. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71. The firm has a 50-day moving average of $246.03 and a 200 day moving average of $230.51.

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).