home Latest News Pinnacle Wealth Management Advisory Group LLC Invests $216,000 in SPDR Gold Trust (GLD) Stock – Fairfield Current

Pinnacle Wealth Management Advisory Group LLC Invests $216,000 in SPDR Gold Trust (GLD) Stock – Fairfield Current

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Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of SPDR Gold Trust (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,785 shares of the exchange traded fund’s stock, valued at approximately $216,000.

A number of other large investors have also added to or reduced their stakes in GLD. Toronto Dominion Bank grew its holdings in shares of SPDR Gold Trust by 369.6% during the third quarter. Toronto Dominion Bank now owns 51,023,176 shares of the exchange traded fund’s stock worth $5,753,374,000 after purchasing an additional 40,157,040 shares during the last quarter. FIL Ltd lifted its holdings in SPDR Gold Trust by 3.2% during the 3rd quarter. FIL Ltd now owns 9,176,528 shares of the exchange traded fund’s stock worth $1,034,745,000 after buying an additional 282,110 shares during the period. First Eagle Investment Management LLC lifted its holdings in SPDR Gold Trust by 16.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,888,992 shares of the exchange traded fund’s stock worth $776,803,000 after buying an additional 993,798 shares during the period. Morgan Stanley lifted its holdings in SPDR Gold Trust by 6.3% during the 3rd quarter. Morgan Stanley now owns 5,049,473 shares of the exchange traded fund’s stock worth $569,379,000 after buying an additional 297,192 shares during the period. Finally, CI Investments Inc. lifted its holdings in SPDR Gold Trust by 1.6% during the 3rd quarter. CI Investments Inc. now owns 2,853,379 shares of the exchange traded fund’s stock worth $321,747,000 after buying an additional 45,531 shares during the period.

Shares of NYSEARCA:GLD opened at $123.63 on Wednesday. SPDR Gold Trust has a 1 year low of $111.06 and a 1 year high of $129.47.

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SPDR Gold Trust 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).

Further Reading: What are Closed-End Mutual Funds?

Institutional Ownership by Quarter for SPDR Gold Trust (NYSEARCA:GLD)

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