DHK Financial Advisors Inc. Has $8.26 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

DHK Financial Advisors Inc. lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,675 shares of the exchange traded fund’s stock after purchasing an additional 1,126 shares during the quarter. SPDR Gold Shares comprises about 4.5% of DHK Financial Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. DHK Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $8,262,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in SPDR Gold Shares by 6.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after purchasing an additional 35 shares during the period. Marcum Wealth LLC increased its holdings in SPDR Gold Shares by 4.3% during the 1st quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock worth $275,000 after purchasing an additional 39 shares during the period. Clarus Group Inc. lifted its holdings 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 worth $442,000 after buying an additional 40 shares during the period. Kellett Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 40 shares during the period. Finally, Wealth Advisors of Iowa LLC grew its position in shares of SPDR Gold Shares by 3.9% during the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 40 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 1.3%

Shares of SPDR Gold Shares stock opened at $305.18 on Friday. The firm has a market cap of $99.79 billion, a P/E ratio of -32.43 and a beta of 0.11. The stock’s fifty day moving average price is $300.63 and its 200-day moving average price is $272.44. SPDR Gold Shares has a 12 month low of $211.54 and a 12 month high of $317.63.

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).