Nadler Financial Group Inc. Has $2.41 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Nadler Financial Group Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,358 shares of the exchange traded fund’s stock after purchasing an additional 60 shares during the quarter. Nadler Financial Group Inc.’s holdings in SPDR Gold Shares were worth $2,408,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GLD. Cornerstone Wealth Management LLC raised its holdings in SPDR Gold Shares by 4.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after buying an additional 388 shares during the period. Marmo Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the first quarter worth $218,000. WMG Financial Advisors LLC raised its holdings in shares of 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 $217,000. Finally, Horizon Wealth Management LLC lifted its position 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 acquiring an additional 31,514 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1%

GLD stock opened at $306.78 on Friday. The stock has a 50-day moving average price of $306.41 and a two-hundred day moving average price of $278.74. SPDR Gold Shares has a 1 year low of $214.45 and a 1 year high of $317.63. The stock has a market cap of $102.28 billion, a PE ratio of -32.43 and a beta of 0.15.

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).