Avantax Advisory Services Inc. Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Avantax Advisory Services Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,201 shares of the exchange traded fund’s stock after purchasing an additional 17,666 shares during the period. Avantax Advisory Services Inc.’s holdings in SPDR Gold Shares were worth $28,620,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Essential Planning LLC. bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $4,791,000. Great Lakes Advisors LLC boosted its position in shares of SPDR Gold Shares by 53.5% in the fourth quarter. Great Lakes Advisors LLC now owns 13,275 shares of the exchange traded fund’s stock valued at $3,214,000 after acquiring an additional 4,626 shares during the period. Parkworth Wealth Management Inc. bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $896,000. Knuff & Co LLC boosted its position in shares of SPDR Gold Shares by 33.5% in the fourth quarter. Knuff & Co LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $323,000 after acquiring an additional 335 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of SPDR Gold Shares by 12.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,782 shares of the exchange traded fund’s stock valued at $2,368,000 after acquiring an additional 1,061 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.2 %

GLD stock opened at $269.16 on Wednesday. SPDR Gold Shares has a 12 month low of $198.94 and a 12 month high of $272.32. The firm has a market capitalization of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20. The firm has a 50 day moving average of $259.29 and a 200-day moving average of $248.79.

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).