Financial Planning Hawaii Inc. Takes $818,000 Position in SPDR Gold Shares $GLD

Financial Planning Hawaii Inc. purchased a new position in SPDR Gold Shares (NYSEARCA:GLDFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,063 shares of the exchange traded fund’s stock, valued at approximately $818,000.

Several other large investors have also added to or reduced their stakes in GLD. Empirical Asset Management LLC boosted its position in SPDR Gold Shares by 256.7% during the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after acquiring an additional 26,197 shares in the last quarter. Colonial Trust Advisors boosted its position in shares of SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after purchasing an additional 1,385 shares in the last quarter. Spirepoint Private Client LLC purchased a new stake in SPDR Gold Shares in the third quarter worth $742,000. FAS Wealth Partners Inc. raised its holdings in SPDR Gold Shares by 71.1% in the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after purchasing an additional 8,691 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of SPDR Gold Shares by 19.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock valued at $12,964,000 after buying an additional 5,932 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $414.58 on Tuesday. SPDR Gold Shares has a 1 year low of $272.58 and a 1 year high of $509.70. The firm has a 50-day moving average of $455.62 and a 200 day moving average of $407.50. The stock has a market cap of $157.58 billion, a P/E ratio of -32.43 and a beta of 0.09.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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