SPDR Gold Shares (NYSEARCA:GLD) Stake Boosted by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,832 shares of the exchange traded fund’s stock after acquiring an additional 41 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in SPDR Gold Shares were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Clarus Group Inc. increased its stake in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC grew its stake in SPDR Gold Shares by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares in the last quarter. Magnus Financial Group LLC grew its stake in SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares in the last quarter. Pittenger & Anderson Inc. grew its stake in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in SPDR Gold Shares by 2.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock valued at $369,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $268.25 on Friday. SPDR Gold Shares has a fifty-two week low of $198.91 and a fifty-two week high of $272.32. The stock’s 50-day moving average is $257.70 and its two-hundred day moving average is $247.79. The stock has a market cap of $80.64 billion, a PE ratio of -28.59 and a beta of 0.20.

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).