TRUE Private Wealth Advisors Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

TRUE Private Wealth Advisors grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,879 shares of the exchange traded fund’s stock after purchasing an additional 301 shares during the quarter. TRUE Private Wealth Advisors’ holdings in SPDR Gold Shares were worth $3,603,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Clarus Group Inc. boosted its position 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 in the last quarter. Kellett Wealth Advisors LLC raised its stake 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 valued at $281,000 after buying an additional 40 shares during the last quarter. Wealth Advisors of Iowa LLC boosted its holdings 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 worth $259,000 after acquiring an additional 40 shares in the last quarter. Magnus Financial Group LLC increased 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 in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings 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 valued at $48,000 after acquiring an additional 41 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.5 %

NYSEARCA:GLD opened at $275.20 on Wednesday. SPDR Gold Shares has a twelve month low of $210.71 and a twelve month high of $289.13. The company’s 50 day moving average is $272.15 and its two-hundred day moving average is $255.37. The company has a market cap of $82.73 billion, a PE ratio of -30.67 and a beta of 0.17.

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).