SPDR Gold Shares (NYSEARCA:GLD) Stake Increased by Vertex Planning Partners LLC

Vertex Planning Partners LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,797 shares of the exchange traded fund’s stock after purchasing an additional 222 shares during the period. Vertex Planning Partners LLC’s holdings in SPDR Gold Shares were worth $677,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avestar Capital LLC acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $211,000. Townsquare Capital LLC boosted its holdings in SPDR Gold Shares by 10.2% during the third quarter. Townsquare Capital LLC now owns 19,969 shares of the exchange traded fund’s stock valued at $4,854,000 after acquiring an additional 1,846 shares during the period. National Wealth Management Group LLC grew its position in shares of SPDR Gold Shares by 148.1% in the third quarter. National Wealth Management Group LLC now owns 5,451 shares of the exchange traded fund’s stock valued at $1,325,000 after purchasing an additional 3,254 shares during the last quarter. Fiduciary Trust Co increased its stake in shares of SPDR Gold Shares by 4.1% in the third quarter. Fiduciary Trust Co now owns 38,117 shares of the exchange traded fund’s stock worth $9,265,000 after purchasing an additional 1,497 shares during the period. Finally, Financial Counselors Inc. lifted its position in shares of SPDR Gold Shares by 2.0% during the 3rd quarter. Financial Counselors Inc. now owns 18,155 shares of the exchange traded fund’s stock worth $4,413,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

Shares of GLD stock opened at $281.97 on Friday. The stock has a 50 day moving average of $266.95 and a 200-day moving average of $252.39. The firm has a market cap of $84.76 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $203.87 and a 12 month high of $284.19.

SPDR Gold Shares Company 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).