BlueChip Wealth Advisors LLC Sells 320 Shares of SPDR Gold Shares (NYSEARCA:GLD)

BlueChip Wealth Advisors LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,274 shares of the exchange traded fund’s stock after selling 320 shares during the period. SPDR Gold Shares accounts for approximately 2.5% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 12th largest holding. BlueChip Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $4,425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Clarus Group Inc. increased its stake in 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 acquiring an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC increased its holdings in shares of SPDR Gold Shares by 3.6% in the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after buying an additional 40 shares during the last quarter. Wealth Advisors of Iowa LLC raised its position in shares of SPDR Gold Shares by 3.9% during the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 40 shares in the last quarter. Magnus Financial Group LLC lifted its holdings in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 41 shares during the last quarter. Finally, Pittenger & Anderson Inc. grew its position in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 41 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.7 %

Shares of GLD stock opened at $284.06 on Friday. The business has a 50-day moving average price of $267.64 and a two-hundred day moving average price of $252.76. SPDR Gold Shares has a 12-month low of $206.29 and a 12-month high of $284.64. The firm has a market cap of $85.39 billion, a P/E ratio of -29.30 and a beta of 0.20.

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).