PDS Planning Inc Has $1.56 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

PDS Planning Inc increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,400 shares of the exchange traded fund’s stock after buying an additional 467 shares during the period. PDS Planning Inc’s holdings in SPDR Gold Shares were worth $1,556,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cornerstone Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after purchasing an additional 388 shares in the last quarter. Marmo Financial Group LLC bought a new position in SPDR Gold Shares in the 1st quarter worth approximately $218,000. WMG Financial Advisors LLC grew its holdings in SPDR Gold Shares by 18.9% during the 4th quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock valued at $1,294,000 after buying an additional 851 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in SPDR Gold Shares in the 1st quarter worth approximately $217,000. Finally, Horizon Wealth Management LLC boosted its stake in SPDR Gold Shares by 61.6% during the first quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock valued at $23,812,000 after buying an additional 31,514 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $307.12 on Thursday. The company’s fifty day moving average price is $306.39 and its 200-day moving average price is $278.32. SPDR Gold Shares has a one year low of $212.12 and a one year high of $317.63. The firm has a market capitalization of $100.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).