Avantax Planning Partners Inc. Has $1.69 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Avantax Planning Partners Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,958 shares of the exchange traded fund’s stock after purchasing an additional 277 shares during the period. Avantax Planning Partners Inc.’s holdings in SPDR Gold Shares were worth $1,685,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GLD. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter worth approximately $28,000. Patten & Patten Inc. TN lifted its holdings in SPDR Gold Shares by 2.1% in the third quarter. Patten & Patten Inc. TN now owns 4,328 shares of the exchange traded fund’s stock valued at $1,052,000 after buying an additional 89 shares during the period. Fountainhead AM LLC lifted its holdings in SPDR Gold Shares by 20.7% in the third quarter. Fountainhead AM LLC now owns 1,332 shares of the exchange traded fund’s stock valued at $324,000 after buying an additional 228 shares during the period. Jeppson Wealth Management LLC lifted its holdings in SPDR Gold Shares by 5.4% in the third quarter. Jeppson Wealth Management LLC now owns 7,486 shares of the exchange traded fund’s stock valued at $1,820,000 after buying an additional 381 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in SPDR Gold Shares by 22.0% in the third quarter. Apollon Wealth Management LLC now owns 25,431 shares of the exchange traded fund’s stock valued at $6,181,000 after buying an additional 4,588 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $269.16 on Wednesday. The company’s 50 day simple moving average is $259.29 and its 200 day simple moving average is $248.79. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $272.32. The firm has a market capitalization of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).