SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Accel Wealth Management

Accel Wealth Management increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 16,954 shares of the exchange traded fund’s stock after purchasing an additional 171 shares during the period. SPDR Gold Shares comprises 1.6% of Accel Wealth Management’s holdings, making the stock its 14th largest position. Accel Wealth Management’s holdings in SPDR Gold Shares were worth $3,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. acquired a new stake in SPDR Gold Shares during the 1st quarter valued at approximately $24,420,000. Covestor Ltd lifted its stake in SPDR Gold Shares by 69.4% during the 1st quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 218 shares during the period. Merit Financial Group LLC lifted its stake in SPDR Gold Shares by 18.6% during the 1st quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock valued at $501,000 after acquiring an additional 435 shares during the period. First Western Trust Bank acquired a new stake in SPDR Gold Shares during the 1st quarter valued at approximately $256,000. Finally, Prudential Financial Inc. lifted its stake in SPDR Gold Shares by 32.5% during the 1st quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock valued at $6,666,000 after acquiring an additional 9,049 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $1.46 on Wednesday, hitting $203.10. 5,888,569 shares of the company’s stock traded hands, compared to its average volume of 6,610,333. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $203.92. The firm’s 50-day moving average price is $191.96 and its two-hundred day moving average price is $186.22.

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).