Geneos Wealth Management Inc. Has $2.83 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Geneos Wealth Management Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,174 shares of the exchange traded fund’s stock after buying an additional 368 shares during the period. Geneos Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $2,833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in SPDR Gold Shares by 5.1% in the fourth quarter. International Assets Investment Management LLC now owns 12,748 shares of the exchange traded fund’s stock valued at $2,437,000 after purchasing an additional 617 shares during the last quarter. RWA Wealth Partners LLC lifted its holdings in SPDR Gold Shares by 441.0% during the fourth quarter. RWA Wealth Partners LLC now owns 30,591 shares of the exchange traded fund’s stock valued at $5,848,000 after purchasing an additional 24,936 shares during the last quarter. Larson Financial Group LLC boosted its position in SPDR Gold Shares by 15.1% during the fourth quarter. Larson Financial Group LLC now owns 1,197 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 157 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of SPDR Gold Shares by 333.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 247 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 190 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in shares of SPDR Gold Shares by 18.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 5,063 shares of the exchange traded fund’s stock valued at $968,000 after purchasing an additional 801 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded up $3.24 during mid-day trading on Friday, hitting $232.61. The company had a trading volume of 1,408,762 shares, compared to its average volume of 7,170,740. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $234.01. The stock’s 50-day moving average price is $221.79 and its 200-day moving average price is $212.16.

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).