Kellett Wealth Advisors LLC Purchases 40 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Kellett Wealth Advisors LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,160 shares of the exchange traded fund’s stock after buying an additional 40 shares during the quarter. Kellett Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $28,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at $31,000. PayPay Securities Corp raised its position in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $35,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.3 %

NYSEARCA:GLD opened at $268.62 on Wednesday. The stock has a 50 day simple moving average of $254.04 and a 200 day simple moving average of $246.15. The stock has a market cap of $80.75 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1-year low of $187.53 and a 1-year high of $272.32.

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).