SPDR Gold Shares (NYSEARCA:GLD) Position Increased by IFP Advisors Inc

IFP Advisors Inc increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,301 shares of the exchange traded fund’s stock after purchasing an additional 1,131 shares during the period. IFP Advisors Inc’s holdings in SPDR Gold Shares were worth $5,884,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GLD. Strategic Financial Concepts LLC raised its stake in SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC raised its stake in SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in SPDR Gold Shares by 47.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares in the last quarter. Banco Santander S.A. raised its stake in SPDR Gold Shares by 245.1% during the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $270.74 on Monday. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84. The stock’s fifty day moving average is $253.00 and its 200-day moving average is $245.50.

About SPDR Gold Shares

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).