Elser Financial Planning Inc Takes $254,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Elser Financial Planning Inc bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel reports. The firm bought 1,051 shares of the exchange traded fund’s stock, valued at approximately $254,000.

Other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC grew its stake in SPDR Gold Shares by 5.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock worth $15,659,000 after buying an additional 3,356 shares in the last quarter. RDA Financial Network grew its position in SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after acquiring an additional 88 shares during the last quarter. Advance Capital Management Inc. raised its stake in shares of SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after acquiring an additional 316 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $564,000. Finally, Beaird Harris Wealth Management LLC raised its position in SPDR Gold Shares by 25.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock worth $499,000 after purchasing an additional 416 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

SPDR Gold Shares stock opened at $263.90 on Monday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $266.35. The firm has a 50-day moving average of $248.30 and a 200-day moving average of $242.07.

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).