Fortress Financial Group LLC Acquires Shares of 1,754 SPDR Gold Shares (NYSEARCA:GLD)

Fortress Financial Group LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel reports. The fund bought 1,754 shares of the exchange traded fund’s stock, valued at approximately $425,000.

Several other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in SPDR Gold Shares by 24,245.2% during the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after purchasing an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after purchasing an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. raised its stake in SPDR Gold Shares by 245.1% during the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after purchasing an additional 114,151 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 1.5 %

Shares of NYSEARCA:GLD opened at $264.93 on Friday. The firm has a fifty day simple moving average of $255.14 and a two-hundred day simple moving average of $246.43. SPDR Gold Shares has a 52 week low of $188.03 and a 52 week high of $272.32. The stock has a market capitalization of $79.64 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).