Innova Wealth Partners Makes New $3.89 Million Investment in SPDR Gold Shares (NYSEARCA:GLD)

Innova Wealth Partners bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, HoldingsChannel reports. The fund bought 16,082 shares of the exchange traded fund’s stock, valued at approximately $3,894,000. SPDR Gold Shares accounts for about 2.5% of Innova Wealth Partners’ investment portfolio, making the stock its 12th biggest holding.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the period. Arizona PSPRS Trust acquired a new position in SPDR Gold Shares in the second quarter valued at approximately $157,187,000. Cerity Partners OCIO LLC purchased a new position in SPDR Gold Shares in the second quarter worth approximately $78,434,000. AlTi Global Inc. increased its stake in SPDR Gold Shares by 145.0% during the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock worth $72,212,000 after acquiring an additional 198,823 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after purchasing an additional 146,271 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.6 %

Shares of SPDR Gold Shares stock opened at $244.56 on Wednesday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The business’s fifty day simple moving average is $244.48 and its 200-day simple moving average is $236.69.

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).