Ellsworth Advisors LLC Has $11.38 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Ellsworth Advisors LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,513 shares of the exchange traded fund’s stock after acquiring an additional 285 shares during the period. SPDR Gold Shares comprises about 3.6% of Ellsworth Advisors LLC’s holdings, making the stock its largest holding. Ellsworth Advisors LLC’s holdings in SPDR Gold Shares were worth $11,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Austin Private Wealth LLC lifted its stake in shares of SPDR Gold Shares by 23.1% in the 4th quarter. Austin Private Wealth LLC now owns 1,917 shares of the exchange traded fund’s stock valued at $366,000 after acquiring an additional 360 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC bought a new position in SPDR Gold Shares during the 4th quarter valued at approximately $213,000. Ballast Inc. bought a new position in SPDR Gold Shares during the 4th quarter valued at approximately $239,000. Transform Wealth LLC raised its position in SPDR Gold Shares by 0.4% during the 4th quarter. Transform Wealth LLC now owns 23,474 shares of the exchange traded fund’s stock valued at $4,488,000 after purchasing an additional 82 shares during the last quarter. Finally, Accel Wealth Management raised its position in SPDR Gold Shares by 1.0% during the 4th quarter. Accel Wealth Management now owns 16,954 shares of the exchange traded fund’s stock valued at $3,241,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.3 %

GLD traded up $2.62 during midday trading on Friday, reaching $205.72. 9,194,473 shares of the company’s stock traded hands, compared to its average volume of 8,013,539. The firm has a fifty day moving average of $192.30 and a two-hundred day moving average of $186.34. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $206.05.

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).