Congress Wealth Management LLC DE Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Congress Wealth Management LLC DE raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,441 shares of the exchange traded fund’s stock after acquiring an additional 1,181 shares during the quarter. Congress Wealth Management LLC DE’s holdings in SPDR Gold Shares were worth $5,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in SPDR Gold Shares in the 3rd quarter valued at $85,000. Summit Financial Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 5.4% during the third quarter. Summit Financial Wealth Advisors LLC now owns 4,159 shares of the exchange traded fund’s stock valued at $1,011,000 after buying an additional 213 shares during the period. Avestar Capital LLC purchased a new position in SPDR Gold Shares during the third quarter worth about $211,000. Townsquare Capital LLC increased its stake in SPDR Gold Shares by 10.2% in the 3rd quarter. Townsquare Capital LLC now owns 19,969 shares of the exchange traded fund’s stock worth $4,854,000 after acquiring an additional 1,846 shares during the last quarter. Finally, Cynosure Group LLC raised its holdings in shares of SPDR Gold Shares by 125.5% in the 3rd quarter. Cynosure Group LLC now owns 48,521 shares of the exchange traded fund’s stock valued at $11,794,000 after acquiring an additional 27,005 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.4 %

Shares of NYSEARCA GLD opened at $278.47 on Wednesday. The business has a 50-day moving average of $265.73 and a 200-day moving average of $252.00. The firm has a market capitalization of $83.71 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $201.07 and a 12 month high of $281.48.

About SPDR Gold Shares

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).