Nations Financial Group Inc. IA ADV Raises Stake in SPDR Gold Shares (NYSEARCA:GLD)

Nations Financial Group Inc. IA ADV raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,809 shares of the exchange traded fund’s stock after purchasing an additional 444 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in SPDR Gold Shares were worth $5,699,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Congress Wealth Management LLC DE purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $628,000. Advisory Services Network LLC lifted its holdings in SPDR Gold Shares by 0.6% during the fourth quarter. Advisory Services Network LLC now owns 96,956 shares of the exchange traded fund’s stock valued at $18,535,000 after purchasing an additional 569 shares in the last quarter. HCR Wealth Advisors lifted its holdings in shares of SPDR Gold Shares by 1.8% in the fourth quarter. HCR Wealth Advisors now owns 15,576 shares of the exchange traded fund’s stock worth $2,978,000 after buying an additional 280 shares in the last quarter. Cypress Asset Management Inc. TX purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth $309,000. Finally, Avantax Planning Partners Inc. lifted its holdings in shares of SPDR Gold Shares by 2.6% in the fourth quarter. Avantax Planning Partners Inc. now owns 4,551 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock traded up $0.20 during mid-day trading on Friday, hitting $215.92. The company had a trading volume of 4,212,379 shares, compared to its average volume of 7,236,997. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66. The stock’s 50 day moving average price is $213.86 and its 200-day moving average price is $197.51.

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).