Fortress Financial Group LLC Buys New Position in SPDR Gold Shares (NYSEARCA:GLD)

Fortress Financial Group LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,754 shares of the exchange traded fund’s stock, valued at approximately $425,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ergawealth Advisors Inc. purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth $338,000. Parkside Financial Bank & Trust raised its stake in shares of SPDR Gold Shares by 232.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 631 shares of the exchange traded fund’s stock worth $153,000 after buying an additional 441 shares during the period. Fort Sheridan Advisors LLC lifted its holdings in SPDR Gold Shares by 51.6% during the fourth quarter. Fort Sheridan Advisors LLC now owns 1,604 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 546 shares in the last quarter. A&I Financial Services LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $211,000. Finally, Linscomb Wealth Inc. lifted its position in shares of SPDR Gold Shares by 6.1% in the fourth quarter. Linscomb Wealth Inc. now owns 1,413 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.5 %

NYSEARCA:GLD opened at $264.93 on Friday. The stock has a 50-day moving average price of $255.14 and a 200 day moving average price of $246.43. The stock has a market capitalization of $79.64 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $188.03 and a 12-month high of $272.32.

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).