SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 1,374.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,121,579 shares of the exchange traded fund’s stock after acquiring an additional 1,045,499 shares during the period. Wealthfront Advisers LLC’s holdings in SPDR Gold Shares were worth $271,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the third quarter worth $35,000. Leavell Investment Management Inc. boosted its stake in SPDR Gold Shares by 9.0% during the third quarter. Leavell Investment Management Inc. now owns 2,856 shares of the exchange traded fund’s stock worth $694,000 after buying an additional 237 shares during the last quarter. Assetmark Inc. boosted its stake in SPDR Gold Shares by 36.2% during the third quarter. Assetmark Inc. now owns 71,863 shares of the exchange traded fund’s stock worth $17,467,000 after buying an additional 19,107 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter worth $28,000. Finally, Patten & Patten Inc. TN boosted its stake in SPDR Gold Shares by 2.1% during the third quarter. Patten & Patten Inc. TN now owns 4,328 shares of the exchange traded fund’s stock worth $1,052,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.9 %

Shares of SPDR Gold Shares stock opened at $266.04 on Tuesday. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $272.32. The business’s fifty day simple moving average is $258.75 and its 200-day simple moving average is $248.53. The firm has a market cap of $79.97 billion, a PE ratio of -28.59 and a beta of 0.20.

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).