Creative Financial Designs Inc. ADV Acquires 1,050 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Creative Financial Designs Inc. ADV increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 19.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,342 shares of the exchange traded fund’s stock after purchasing an additional 1,050 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in SPDR Gold Shares were worth $1,827,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GLD. Cornerstone Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after acquiring an additional 388 shares during the period. Marmo Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the first quarter valued at about $218,000. WMG Financial Advisors LLC increased its position in SPDR Gold Shares by 18.9% during the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after acquiring an additional 851 shares during the period. Lloyd Advisory Services LLC. bought a new stake in SPDR Gold Shares in the 1st quarter valued at about $217,000. Finally, Horizon Wealth Management LLC boosted its holdings in SPDR Gold Shares by 61.6% in the 1st quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock valued at $23,812,000 after purchasing an additional 31,514 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.1%

Shares of GLD opened at $306.78 on Friday. SPDR Gold Shares has a 12 month low of $214.45 and a 12 month high of $317.63. The firm’s 50 day moving average is $306.41 and its 200-day moving average is $278.74. The stock has a market capitalization of $102.28 billion, a PE ratio of -32.43 and a beta of 0.15.

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).