SPDR Gold Shares (NYSEARCA:GLD) Stock Position Raised by Florida Financial Advisors LLC

Florida Financial Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,422 shares of the exchange traded fund’s stock after purchasing an additional 326 shares during the quarter. Florida Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $586,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Clarus Group Inc. increased its position 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 valued at $442,000 after acquiring an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC lifted its stake in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 40 shares in the last quarter. Wealth Advisors of Iowa LLC boosted its stake in SPDR Gold Shares by 3.9% in the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 40 shares during the period. Magnus Financial Group LLC raised its position in SPDR Gold Shares by 0.6% in 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 buying an additional 41 shares during the last quarter. Finally, Pittenger & Anderson Inc. raised its holdings in shares of SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $277.25 on Tuesday. The stock has a market cap of $83.34 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The firm’s 50-day moving average is $265.10 and its 200-day moving average is $251.67. SPDR Gold Shares has a 52-week low of $200.97 and a 52-week high of $281.48.

SPDR Gold Shares Company 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).