Baker Tilly Wealth Management LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Baker Tilly Wealth Management LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,107 shares of the exchange traded fund’s stock after selling 54 shares during the quarter. SPDR Gold Shares makes up 1.9% of Baker Tilly Wealth Management LLC’s portfolio, making the stock its 10th largest position. Baker Tilly Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,869,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GLD. Daiwa Securities Group Inc. lifted its position in SPDR Gold Shares by 12.6% during the second quarter. Daiwa Securities Group Inc. now owns 14,250 shares of the exchange traded fund’s stock valued at $3,064,000 after purchasing an additional 1,600 shares during the last quarter. AGF Management Ltd. raised its position in SPDR Gold Shares by 22.4% during the second quarter. AGF Management Ltd. now owns 23,630 shares of the exchange traded fund’s stock valued at $5,081,000 after purchasing an additional 4,330 shares during the period. BOKF NA lifted its stake in shares of SPDR Gold Shares by 79.1% in the 2nd quarter. BOKF NA now owns 14,988 shares of the exchange traded fund’s stock valued at $3,223,000 after purchasing an additional 6,619 shares during the last quarter. PFG Advisors boosted its holdings in shares of SPDR Gold Shares by 6.2% in the 2nd quarter. PFG Advisors now owns 73,424 shares of the exchange traded fund’s stock worth $15,787,000 after purchasing an additional 4,298 shares during the period. Finally, New England Private Wealth Advisors LLC raised its holdings in SPDR Gold Shares by 16.0% during the 2nd quarter. New England Private Wealth Advisors LLC now owns 8,402 shares of the exchange traded fund’s stock valued at $1,807,000 after buying an additional 1,160 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1 %

GLD stock traded up $2.63 during mid-day trading on Friday, reaching $248.49. 5,159,651 shares of the stock traded hands, compared to its average volume of 5,019,027. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business has a 50-day moving average price of $244.10 and a two-hundred day moving average price of $236.81.

SPDR Gold Shares 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).