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

Net Worth Advisory Group boosted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 135.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Empirical Asset Management LLC grew its holdings in shares of SPDR Gold Shares by 256.7% in the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after purchasing an additional 26,197 shares in the last quarter. Colonial Trust Advisors raised its stake in SPDR Gold Shares by 7.6% during the third 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 in the last quarter. Spirepoint Private Client LLC purchased a new stake in SPDR Gold Shares during the third quarter valued at $742,000. FAS Wealth Partners Inc. lifted its position in SPDR Gold Shares by 71.1% during the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock valued at $7,435,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in SPDR Gold Shares by 19.4% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock valued at $12,964,000 after purchasing an additional 5,932 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

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SPDR Gold Shares Stock Up 3.5%

Shares of NYSEARCA:GLD opened at $414.70 on Friday. The firm has a fifty day simple moving average of $455.75 and a two-hundred day simple moving average of $405.93. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70. The stock has a market capitalization of $157.63 billion, a P/E ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares Company Profile

(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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