Newport Wealth Strategies Inc. Takes $1.12 Million Position in SPDR Gold Trust (NYSEARCA:GLD)

Newport Wealth Strategies Inc. bought a new position in shares of SPDR Gold Trust (NYSEARCA:GLD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,743 shares of the exchange traded fund’s stock, valued at approximately $1,116,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its position in shares of SPDR Gold Trust by 3.3% in the fourth quarter. Venturi Wealth Management LLC now owns 12,616 shares of the exchange traded fund’s stock valued at $1,560,000 after acquiring an additional 399 shares in the last quarter. Clarkston Capital Partners LLC lifted its position in shares of SPDR Gold Trust by 22.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 2,220 shares of the exchange traded fund’s stock valued at $275,000 after acquiring an additional 400 shares in the last quarter. Horrell Capital Management Inc. lifted its position in shares of SPDR Gold Trust by 25.2% in the fourth quarter. Horrell Capital Management Inc. now owns 1,985 shares of the exchange traded fund’s stock valued at $245,000 after acquiring an additional 400 shares in the last quarter. Guardian Capital Advisors LP lifted its position in shares of SPDR Gold Trust by 12.2% in the fourth quarter. Guardian Capital Advisors LP now owns 3,676 shares of the exchange traded fund’s stock valued at $465,000 after acquiring an additional 400 shares in the last quarter. Finally, Modera Wealth Management LLC lifted its position in shares of SPDR Gold Trust by 8.5% in the fourth quarter. Modera Wealth Management LLC now owns 5,255 shares of the exchange traded fund’s stock valued at $650,000 after acquiring an additional 410 shares in the last quarter.

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Shares of NYSEARCA:GLD traded up $0.59 on Friday, hitting $126.39. The company had a trading volume of 6,121,225 shares, compared to its average volume of 8,197,374. SPDR Gold Trust has a 52-week low of $114.80 and a 52-week high of $129.51.

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SPDR Gold Trust 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).

Institutional Ownership by Quarter for SPDR Gold Trust (NYSEARCA:GLD)

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