Sheaff Brock Investment Advisors LLC Has $692,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Sheaff Brock Investment Advisors LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,403 shares of the exchange traded fund’s stock after purchasing an additional 293 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $692,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GLD. Columbia River Financial Group LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $34,000. HWG Holdings LP acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $53,000. American National Bank & Trust increased its position in SPDR Gold Shares by 189.4% in the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 125 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $55,000. Finally, Mattson Financial Services LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.6%

Shares of NYSEARCA GLD opened at $305.41 on Tuesday. The firm has a market capitalization of $101.34 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $219.04 and a 1 year high of $317.63. The firm’s 50-day moving average is $308.08 and its 200-day moving average is $289.09.

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).