SPDR Gold Shares (NYSEARCA:GLD) Stock Position Increased by IFP Advisors Inc

IFP Advisors Inc increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,301 shares of the exchange traded fund’s stock after buying an additional 1,131 shares during the period. IFP Advisors Inc’s holdings in SPDR Gold Shares were worth $5,884,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GLD. Strategic Financial Concepts LLC grew its holdings in shares of SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after acquiring an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after acquiring an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Banco Santander S.A. grew its holdings in shares of SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after acquiring an additional 100,149 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $270.74 on Monday. The stock’s fifty day simple moving average is $253.00 and its 200 day simple moving average is $245.50. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.84.

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).