Gilliland Jeter Wealth Management LLC Acquires New Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Gilliland Jeter Wealth Management LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,047 shares of the exchange traded fund’s stock, valued at approximately $391,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of SPDR Gold Shares by 19,989.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after buying an additional 2,424,904 shares in the last quarter. Toronto Dominion Bank grew its position in shares of SPDR Gold Shares by 14.5% during the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock worth $799,007,000 after buying an additional 591,368 shares in the last quarter. Euclidean Capital LLC grew its position in shares of SPDR Gold Shares by 91.4% during the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock worth $182,166,000 after buying an additional 507,500 shares in the last quarter. Dagco Inc. grew its position in shares of SPDR Gold Shares by 24,465.7% during the third quarter. Dagco Inc. now owns 388,138 shares of the exchange traded fund’s stock worth $66,546,000 after buying an additional 386,558 shares in the last quarter. Finally, Bailard Inc. boosted its holdings in SPDR Gold Shares by 5,040.4% in the fourth quarter. Bailard Inc. now owns 349,291 shares of the exchange traded fund’s stock valued at $66,774,000 after purchasing an additional 342,496 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD traded up $0.70 on Friday, reaching $216.62. The company’s stock had a trading volume of 6,268,504 shares, compared to its average volume of 11,521,039. The stock has a 50 day moving average of $204.56 and a two-hundred day moving average of $192.42. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09.

SPDR Gold Shares 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).