Potentia Wealth Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Potentia Wealth bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,052 shares of the exchange traded fund’s stock, valued at approximately $497,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Clarus Group Inc. grew its stake in SPDR Gold Shares by 2.2% during the fourth 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 position in shares of SPDR Gold Shares by 3.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after purchasing an additional 40 shares in the last quarter. Wealth Advisors of Iowa LLC boosted its stake in shares of SPDR Gold Shares by 3.9% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 40 shares during the period. Magnus Financial Group LLC grew its holdings in SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its stake in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 41 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $277.25 on Tuesday. SPDR Gold Shares has a 1-year low of $200.97 and a 1-year high of $281.48. The stock has a market cap of $83.34 billion, a P/E ratio of -29.30 and a beta of 0.20. The firm has a 50-day moving average of $265.10 and a two-hundred day moving average of $251.67.

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).