Kovack Advisors Inc. Has $1.98 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Kovack Advisors Inc. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,644 shares of the exchange traded fund’s stock after purchasing an additional 61 shares during the quarter. Kovack Advisors Inc.’s holdings in SPDR Gold Shares were worth $1,984,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LaSalle St. Investment Advisors LLC increased its position in shares of SPDR Gold Shares by 14.7% in the third quarter. LaSalle St. Investment Advisors LLC now owns 2,337 shares of the exchange traded fund’s stock valued at $400,000 after acquiring an additional 300 shares during the last quarter. KPP Advisory Services LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $1,706,000. Riggs Asset Managment Co. Inc. raised its stake in shares of SPDR Gold Shares by 1.5% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 72,615 shares of the exchange traded fund’s stock worth $12,450,000 after purchasing an additional 1,104 shares in the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of SPDR Gold Shares by 17.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 1,483 shares of the exchange traded fund’s stock valued at $254,000 after buying an additional 225 shares during the last quarter. Finally, Crestwood Advisors Group LLC grew its stake in shares of SPDR Gold Shares by 22.9% in the third quarter. Crestwood Advisors Group LLC now owns 3,477 shares of the exchange traded fund’s stock valued at $596,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD traded up $2.43 during trading on Thursday, reaching $217.99. 5,055,313 shares of the stock were exchanged, compared to its average volume of 5,293,554. The stock’s 50 day moving average price is $216.21 and its two-hundred day moving average price is $203.32. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.66.

SPDR Gold Shares Company 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).