Beacon Pointe Advisors LLC Buys 3,685 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Beacon Pointe Advisors LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,917 shares of the exchange traded fund’s stock after acquiring an additional 3,685 shares during the period. Beacon Pointe Advisors LLC’s holdings in SPDR Gold Shares were worth $29,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clarus Group Inc. increased its stake in SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after buying an additional 40 shares during the period. Kellett Wealth Advisors LLC grew its position in 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 valued at $281,000 after buying an additional 40 shares in the last quarter. Wealth Advisors of Iowa LLC raised its holdings in SPDR Gold Shares by 3.9% during the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC grew its position in SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after buying an additional 41 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of 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 buying an additional 41 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Down 1.1 %

Shares of NYSEARCA GLD opened at $304.73 on Monday. The firm has a market capitalization of $91.60 billion, a PE ratio of -32.58 and a beta of 0.17. The business has a 50-day moving average price of $282.35 and a two-hundred day moving average price of $260.94. SPDR Gold Shares has a one year low of $210.71 and a one year high of $317.63.

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).