Millstone Evans Group LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Millstone Evans Group LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 470 shares of the exchange traded fund’s stock, valued at approximately $114,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clarus Group Inc. boosted its position in SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC boosted its position in SPDR Gold Shares by 3.6% in the fourth 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 boosted its position in SPDR Gold Shares by 3.9% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 40 shares in the last quarter. Magnus Financial Group LLC boosted 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 valued at $1,780,000 after buying an additional 41 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 41 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.8 %

NYSEARCA:GLD opened at $278.49 on Friday. The firm has a market cap of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $200.97 and a 12 month high of $281.48. The company’s 50-day moving average price is $264.47 and its two-hundred day moving average price is $251.20.

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).