Baker Tilly Wealth Management LLC Has $4.87 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Baker Tilly Wealth Management LLC lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,107 shares of the exchange traded fund’s stock after selling 54 shares during the quarter. SPDR Gold Shares accounts for approximately 1.9% of Baker Tilly Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Baker Tilly Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Private Client Services LLC grew its holdings in shares of SPDR Gold Shares by 5.3% during the 4th quarter. Private Client Services LLC now owns 4,800 shares of the exchange traded fund’s stock valued at $1,162,000 after purchasing an additional 240 shares during the last quarter. Park National Corp OH increased its stake in shares of SPDR Gold Shares by 7.0% during the fourth quarter. Park National Corp OH now owns 5,972 shares of the exchange traded fund’s stock valued at $1,446,000 after purchasing an additional 393 shares in the last quarter. Innova Wealth Partners bought a new position in SPDR Gold Shares in the 4th quarter worth about $3,894,000. Range Financial Group LLC increased its holdings in shares of SPDR Gold Shares by 7.0% in the 4th quarter. Range Financial Group LLC now owns 2,233 shares of the exchange traded fund’s stock worth $541,000 after purchasing an additional 146 shares in the last quarter. Finally, Birch Capital Management LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $130,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

SPDR Gold Shares stock traded up $2.63 during mid-day trading on Friday, reaching $248.49. 5,159,651 shares of the stock traded hands, compared to its average volume of 5,019,027. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71. The business’s 50-day moving average is $244.10 and its 200-day moving average is $236.81.

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).