SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Increased by King Wealth Management Group

King Wealth Management Group boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 39.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,437 shares of the exchange traded fund’s stock after purchasing an additional 405 shares during the period. King Wealth Management Group’s holdings in SPDR Gold Shares were worth $348,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GLD. Clarus Group Inc. boosted its position in SPDR Gold Shares by 2.2% during the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC raised its position in SPDR Gold Shares by 3.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares in the last quarter. Magnus Financial Group LLC increased its stake in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of SPDR Gold Shares by 2.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock valued at $369,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.8 %

Shares of NYSEARCA:GLD opened at $275.13 on Friday. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $277.14. The firm has a fifty day moving average price of $260.45 and a 200 day moving average price of $249.12. The stock has a market capitalization of $82.70 billion, a PE 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).