Petra Financial Advisors Inc. Has $5.77 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Petra Financial Advisors Inc. cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,826 shares of the exchange traded fund’s stock after selling 661 shares during the period. SPDR Gold Shares comprises about 3.9% of Petra Financial Advisors Inc.’s holdings, making the stock its 3rd biggest position. Petra Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $5,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Clarus Group Inc. grew its stake in shares of SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC lifted its holdings 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 valued at $281,000 after purchasing an additional 40 shares during the last quarter. Magnus Financial Group LLC lifted its holdings in shares of SPDR Gold Shares by 0.6% during the fourth 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 during the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in SPDR Gold Shares by 2.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 41 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.5 %

Shares of NYSEARCA GLD opened at $276.73 on Tuesday. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $279.26. The firm has a market cap of $83.19 billion, a P/E ratio of -29.30 and a beta of 0.20. The company has a 50 day moving average of $261.76 and a 200 day moving average of $249.96.

SPDR Gold Shares 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).