Fortis Capital Management LLC Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Fortis Capital Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,450 shares of the exchange traded fund’s stock after purchasing an additional 1,075 shares during the quarter. SPDR Gold Shares accounts for about 1.5% of Fortis Capital Management LLC’s holdings, making the stock its 13th biggest holding. Fortis Capital Management LLC’s holdings in SPDR Gold Shares were worth $8,099,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Clarus Group Inc. raised its holdings in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC raised its holdings in SPDR Gold Shares by 3.6% in the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after purchasing an additional 40 shares in the last quarter. Wealth Advisors of Iowa LLC raised its holdings in SPDR Gold Shares by 3.9% in the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC raised its holdings 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. raised 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 worth $48,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.8 %

Shares of NYSEARCA GLD opened at $278.49 on Friday. The firm has a fifty day simple moving average of $264.47 and a two-hundred day simple moving average of $251.20. The firm has a market capitalization 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.

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).