PFG Advisors Sells 1,581 Shares of SPDR Gold Shares (NYSEARCA:GLD)

PFG Advisors lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,311 shares of the exchange traded fund’s stock after selling 1,581 shares during the quarter. SPDR Gold Shares comprises approximately 1.1% of PFG Advisors’ investment portfolio, making the stock its 12th biggest holding. PFG Advisors’ holdings in SPDR Gold Shares were worth $17,267,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter valued at $28,000. Patten & Patten Inc. TN lifted its stake in shares of SPDR Gold Shares by 2.1% during the third quarter. Patten & Patten Inc. TN now owns 4,328 shares of the exchange traded fund’s stock valued at $1,052,000 after acquiring an additional 89 shares during the period. Fountainhead AM LLC boosted its holdings in SPDR Gold Shares by 20.7% in the third quarter. Fountainhead AM LLC now owns 1,332 shares of the exchange traded fund’s stock valued at $324,000 after acquiring an additional 228 shares during the last quarter. Jeppson Wealth Management LLC increased its position in SPDR Gold Shares by 5.4% in the third quarter. Jeppson Wealth Management LLC now owns 7,486 shares of the exchange traded fund’s stock worth $1,820,000 after purchasing an additional 381 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in SPDR Gold Shares by 22.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 25,431 shares of the exchange traded fund’s stock worth $6,181,000 after purchasing an additional 4,588 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.2 %

SPDR Gold Shares stock opened at $269.16 on Wednesday. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $272.32. The company’s 50-day moving average is $259.29 and its two-hundred day moving average is $248.79. The company has a market cap of $80.91 billion, a PE ratio of -28.59 and a beta of 0.20.

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).