PDS Planning Inc Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

PDS Planning Inc boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.5% in the first quarter, Holdings Channel reports. The institutional investor owned 5,400 shares of the exchange traded fund’s stock after purchasing an additional 467 shares during the period. PDS Planning Inc’s holdings in SPDR Gold Shares were worth $1,556,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Kraft Davis & Associates LLC bought a new position in SPDR Gold Shares during the first quarter valued at approximately $8,813,000. Capasso Planning Partners LLC raised its stake in shares of SPDR Gold Shares by 56.7% in the first quarter. Capasso Planning Partners LLC now owns 3,674 shares of the exchange traded fund’s stock worth $1,059,000 after buying an additional 1,330 shares during the period. KPP Advisory Services LLC raised its stake in SPDR Gold Shares by 9.3% during the 1st quarter. KPP Advisory Services LLC now owns 1,625 shares of the exchange traded fund’s stock worth $468,000 after acquiring an additional 138 shares during the period. Madrona Financial Services LLC lifted its stake in shares of SPDR Gold Shares by 9.5% during the 1st quarter. Madrona Financial Services LLC now owns 1,824 shares of the exchange traded fund’s stock valued at $526,000 after buying an additional 159 shares in the last quarter. Finally, Western Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 1.2% in the first quarter. Western Wealth Management LLC now owns 23,604 shares of the exchange traded fund’s stock worth $6,801,000 after acquiring an additional 281 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $307.12 on Thursday. The company has a market cap of $100.43 billion, a P/E ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 52-week low of $212.12 and a 52-week high of $317.63. The firm’s fifty day moving average is $306.39 and its two-hundred day moving average is $278.32.

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).