Valtinson Bruner Financial Planning LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Valtinson Bruner Financial Planning LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,162 shares of the exchange traded fund’s stock after buying an additional 126 shares during the period. Valtinson Bruner Financial Planning LLC’s holdings in SPDR Gold Shares were worth $281,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Kestra Advisory Services LLC lifted its position in shares of SPDR Gold Shares by 8.3% during the fourth quarter. Kestra Advisory Services LLC now owns 251,933 shares of the exchange traded fund’s stock valued at $61,001,000 after buying an additional 19,288 shares during the last quarter. Associated Banc Corp lifted its position in shares of SPDR Gold Shares by 1.1% during the fourth quarter. Associated Banc Corp now owns 22,635 shares of the exchange traded fund’s stock valued at $5,481,000 after buying an additional 252 shares during the last quarter. First National Trust Co lifted its position in shares of SPDR Gold Shares by 2.6% during the fourth quarter. First National Trust Co now owns 292,432 shares of the exchange traded fund’s stock valued at $70,807,000 after buying an additional 7,417 shares during the last quarter. Wellington Shields Capital Management LLC lifted its position in shares of SPDR Gold Shares by 1,053.7% during the fourth quarter. Wellington Shields Capital Management LLC now owns 105,441 shares of the exchange traded fund’s stock valued at $25,530,000 after buying an additional 96,302 shares during the last quarter. Finally, King Wealth Management Group lifted its position in shares of SPDR Gold Shares by 39.2% during the fourth quarter. King Wealth Management Group now owns 1,437 shares of the exchange traded fund’s stock valued at $348,000 after buying an additional 405 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $275.24 on Friday. The firm has a market cap of $82.74 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The firm has a 50-day simple moving average of $261.08 and a two-hundred day simple moving average of $249.42. SPDR Gold Shares has a one year low of $198.94 and a one year high of $276.30.

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).