Net Worth Advisory Group Buys 4,912 Shares of SPDR Gold Shares $GLD

Net Worth Advisory Group lifted its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 135.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,547 shares of the exchange traded fund’s stock after purchasing an additional 4,912 shares during the quarter. Net Worth Advisory Group’s holdings in SPDR Gold Shares were worth $3,387,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Empirical Asset Management LLC lifted its holdings in shares of SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after acquiring an additional 26,197 shares during the last quarter. Colonial Trust Advisors grew its holdings in SPDR Gold Shares by 7.6% during the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after purchasing an additional 1,385 shares during the last quarter. Spirepoint Private Client LLC bought a new position in SPDR Gold Shares during the 3rd quarter valued at about $742,000. FAS Wealth Partners Inc. raised its position in SPDR Gold Shares by 71.1% in the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after purchasing an additional 8,691 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in SPDR Gold Shares by 19.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock worth $12,964,000 after purchasing an additional 5,932 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $414.70 on Friday. SPDR Gold Shares has a 1 year low of $272.58 and a 1 year high of $509.70. The firm has a 50-day simple moving average of $455.75 and a two-hundred day simple moving average of $405.93. The company has a market cap of $157.63 billion, a P/E ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

See Also

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

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