SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Heritage Wealth Advisors

Heritage Wealth Advisors lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 3,029 shares of the exchange traded fund’s stock after selling 78 shares during the quarter. Heritage Wealth Advisors’ holdings in SPDR Gold Shares were worth $733,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Clarus Group Inc. lifted its holdings in shares of SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC increased its position in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after buying an additional 40 shares during the period. Wealth Advisors of Iowa LLC lifted its stake in SPDR Gold Shares by 3.9% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 40 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares during the period. Finally, Pittenger & Anderson Inc. grew its position in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 41 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.4 %

GLD stock opened at $278.47 on Wednesday. The stock has a market cap of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20. The firm’s 50-day simple moving average is $265.73 and its 200 day simple moving average is $252.00. SPDR Gold Shares has a fifty-two week low of $201.07 and a fifty-two week 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).