Vertex Planning Partners LLC Has $677,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Vertex Planning Partners LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,797 shares of the exchange traded fund’s stock after acquiring an additional 222 shares during the period. Vertex Planning Partners LLC’s holdings in SPDR Gold Shares were worth $677,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GLD. Clarus Group Inc. increased its position in shares of SPDR Gold Shares by 2.2% during 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 during the period. Kellett Wealth Advisors LLC grew its stake in SPDR Gold Shares by 3.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares in the last quarter. Wealth Advisors of Iowa LLC increased its holdings in SPDR Gold Shares by 3.9% during the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 40 shares during the period. Magnus Financial Group LLC lifted its stake in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

Shares of NYSEARCA GLD opened at $281.97 on Friday. SPDR Gold Shares has a twelve month low of $203.87 and a twelve month high of $284.19. The firm has a market capitalization of $84.76 billion, a P/E ratio of -29.30 and a beta of 0.20. The stock’s 50-day simple moving average is $266.95 and its two-hundred day simple moving average is $252.39.

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).