Creative Financial Designs Inc. ADV Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Creative Financial Designs Inc. ADV increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 47.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,292 shares of the exchange traded fund’s stock after buying an additional 1,695 shares during the period. Creative Financial Designs Inc. ADV’s holdings in SPDR Gold Shares were worth $1,281,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Clarus Group Inc. lifted its position in shares of SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after buying an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC increased its holdings in shares of SPDR Gold Shares by 3.6% in 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 during the period. Magnus Financial Group LLC increased its holdings in shares of 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 acquiring an additional 41 shares during the period. Pittenger & Anderson Inc. increased its holdings in shares of SPDR Gold Shares by 25.9% in 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 during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of SPDR Gold Shares by 2.7% in 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 during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $276.73 on Tuesday. The firm’s fifty day simple moving average is $261.76 and its 200-day simple moving average is $249.96. The stock has a market capitalization of $83.19 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $198.94 and a 12 month high of $279.26.

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).