Professional Financial Advisors LLC Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Professional Financial Advisors LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,298 shares of the exchange traded fund’s stock after acquiring an additional 435 shares during the period. SPDR Gold Shares accounts for approximately 0.6% of Professional Financial Advisors LLC’s portfolio, making the stock its 26th largest holding. Professional Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $2,493,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Christensen King & Associates Investment Services Inc. grew its holdings in shares of SPDR Gold Shares by 1.7% during the fourth quarter. Christensen King & Associates Investment Services Inc. now owns 3,538 shares of the exchange traded fund’s stock worth $854,000 after purchasing an additional 60 shares in the last quarter. Grandview Asset Management LLC increased its position in shares of SPDR Gold Shares by 11.4% during the fourth quarter. Grandview Asset Management LLC now owns 4,477 shares of the exchange traded fund’s stock worth $1,084,000 after acquiring an additional 459 shares during the period. PSI Advisors LLC grew its stake in SPDR Gold Shares by 48.1% in the fourth quarter. PSI Advisors LLC now owns 465 shares of the exchange traded fund’s stock worth $113,000 after purchasing an additional 151 shares in the last quarter. Marcum Wealth LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth $222,000. Finally, Ellenbecker Investment Group lifted its holdings in shares of SPDR Gold Shares by 29.3% in the 4th quarter. Ellenbecker Investment Group now owns 1,121 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 254 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.0 %

NYSEARCA GLD opened at $245.74 on Tuesday. The company has a 50 day moving average price of $243.87 and a 200 day moving average price of $237.59. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

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).