SPDR Gold Shares (NYSEARCA:GLD) Stake Lifted by Kovack Advisors Inc.

Kovack Advisors Inc. increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,989 shares of the exchange traded fund’s stock after acquiring an additional 380 shares during the period. Kovack Advisors Inc.’s holdings in SPDR Gold Shares were worth $2,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $270,000. Apriem Advisors lifted its stake in SPDR Gold Shares by 2.2% during the fourth quarter. Apriem Advisors now owns 2,000 shares of the exchange traded fund’s stock valued at $484,000 after purchasing an additional 44 shares during the last quarter. GenTrust LLC lifted its stake in SPDR Gold Shares by 7.5% during the fourth quarter. GenTrust LLC now owns 51,079 shares of the exchange traded fund’s stock valued at $12,368,000 after purchasing an additional 3,583 shares during the last quarter. Heritage Investors Management Corp lifted its stake in SPDR Gold Shares by 27.2% during the fourth quarter. Heritage Investors Management Corp now owns 3,150 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 674 shares during the last quarter. Finally, Simmons Bank purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $234,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $269.03 on Thursday. The company has a market cap of $80.87 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $187.88 and a 52 week high of $272.32. The firm has a 50 day simple moving average of $254.64 and a 200 day simple moving average of $246.31.

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).