SPDR Gold Shares (NYSEARCA:GLD) Stock Position Lifted by Fortis Group Advisors LLC

Fortis Group Advisors LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,659 shares of the exchange traded fund’s stock after acquiring an additional 698 shares during the period. SPDR Gold Shares accounts for 6.8% of Fortis Group Advisors LLC’s holdings, making the stock its 3rd biggest position. Fortis Group Advisors LLC owned 0.05% of SPDR Gold Shares worth $27,798,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $26,000. Gold Investment Management Ltd. acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $27,000. Private Ocean LLC lifted its stake in shares of SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 114 shares during the period. Finally, Naples Money Management LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $31,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.3 %

Shares of SPDR Gold Shares stock traded up $2.76 on Friday, reaching $215.73. 7,076,496 shares of the stock were exchanged, compared to its average volume of 5,722,442. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.66. The business has a 50 day moving average price of $216.97 and a two-hundred day moving average price of $200.89.

About SPDR Gold Shares

(Free Report)

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).

See Also

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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