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

ACT Wealth Management LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,870 shares of the exchange traded fund’s stock after acquiring an additional 538 shares during the period. SPDR Gold Shares makes up approximately 9.9% of ACT Wealth Management LLC’s holdings, making the stock its 5th biggest holding. ACT Wealth Management LLC’s holdings in SPDR Gold Shares were worth $22,330,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Scarborough Advisors LLC grew its position in SPDR Gold Shares by 10,133.3% during the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of SPDR Gold Shares by 23.6% during the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after buying an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $157,187,000. Global Assets Advisory LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth $144,269,000. Finally, GLOBALT Investments LLC GA acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $124,066,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $241.06 on Wednesday. SPDR Gold Shares has a fifty-two week low of $171.90 and a fifty-two week high of $247.37. The stock’s 50-day simple moving average is $234.17 and its 200-day simple moving average is $222.88.

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).