ACT Wealth Management LLC Has $22.33 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

ACT Wealth Management LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,870 shares of the exchange traded fund’s stock after purchasing an additional 538 shares during the quarter. SPDR Gold Shares comprises 9.9% of ACT Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. ACT Wealth Management LLC’s holdings in SPDR Gold Shares were worth $22,330,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Sovereign Financial Group Inc. grew its holdings in SPDR Gold Shares by 1.7% during the 3rd quarter. Sovereign Financial Group Inc. now owns 6,860 shares of the exchange traded fund’s stock valued at $1,667,000 after purchasing an additional 114 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its position in shares of SPDR Gold Shares by 5.1% during the third quarter. Strategic Wealth Partners Ltd. now owns 17,791 shares of the exchange traded fund’s stock valued at $4,324,000 after buying an additional 865 shares during the period. Helen Stephens Group LLC bought a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $246,000. Brookstone Capital Management raised its holdings in shares of SPDR Gold Shares by 8.3% in the third quarter. Brookstone Capital Management now owns 140,692 shares of the exchange traded fund’s stock worth $34,197,000 after buying an additional 10,806 shares during the period. Finally, City Holding Co. raised its holdings in shares of SPDR Gold Shares by 20.7% in the third quarter. City Holding Co. now owns 4,907 shares of the exchange traded fund’s stock worth $1,193,000 after buying an additional 841 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $241.06 on Wednesday. The stock has a 50 day moving average price of $234.17 and a 200 day moving average price of $222.88. SPDR Gold Shares has a 52-week low of $171.90 and a 52-week high of $247.37.

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).