Northeast Financial Consultants Inc Has $843,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Northeast Financial Consultants Inc increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,483 shares of the exchange traded fund’s stock after purchasing an additional 107 shares during the quarter. Northeast Financial Consultants Inc’s holdings in SPDR Gold Shares were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GLD. Clarus Group Inc. lifted its stake in shares of 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 valued at $442,000 after acquiring an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC increased 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 position in SPDR Gold Shares by 3.9% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 40 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $299.46 on Wednesday. The business has a 50 day moving average of $291.00 and a 200-day moving average of $265.46. SPDR Gold Shares has a 1 year low of $211.54 and a 1 year high of $317.63. The company has a market capitalization of $90.02 billion, a P/E ratio of -32.43 and a beta of 0.12.

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).