Granite Bay Wealth Management LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Granite Bay Wealth Management LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,041 shares of the exchange traded fund’s stock after buying an additional 566 shares during the quarter. SPDR Gold Shares makes up about 1.4% of Granite Bay Wealth Management LLC’s holdings, making the stock its 17th largest position. Granite Bay Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,441,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GLD. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth about $25,000. Semmax Financial Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth about $26,000. Private Ocean LLC boosted its stake in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the period. Finally, Security National Bank acquired a new stake in shares of SPDR Gold Shares during the first quarter worth about $28,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

Shares of GLD opened at $245.49 on Friday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $247.37. The firm has a 50-day simple moving average of $232.81 and a 200-day simple moving average of $221.68.

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).