SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,015 shares of the exchange traded fund’s stock after purchasing an additional 359 shares during the period. Miracle Mile Advisors LLC’s holdings in SPDR Gold Shares were worth $1,214,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. RDA Financial Network grew its holdings in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after purchasing an additional 88 shares in the last quarter. Advance Capital Management Inc. grew its holdings in shares of SPDR Gold Shares by 9.4% in the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after purchasing an additional 316 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of SPDR Gold Shares by 10.1% in the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock valued at $8,514,000 after purchasing an additional 3,630 shares in the last quarter. Inspirion Wealth Advisors LLC grew its holdings in shares of SPDR Gold Shares by 0.8% in the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after purchasing an additional 50 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in SPDR Gold Shares during the 3rd quarter worth approximately $564,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5 %

NYSEARCA GLD opened at $247.03 on Wednesday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The firm has a 50 day moving average of $243.74 and a two-hundred day moving average of $237.81.

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).