SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,982 shares of the exchange traded fund’s stock after buying an additional 359 shares during the period. Howe & Rusling Inc.’s holdings in SPDR Gold Shares were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Proficio Capital Partners LLC grew its holdings in shares of SPDR Gold Shares by 24,245.2% in the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after acquiring an additional 60,504,152 shares during the period. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $450,109,000. Wealthfront Advisers LLC boosted its position in shares of SPDR Gold Shares by 1,374.2% in the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after buying an additional 1,045,499 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its position in SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after acquiring an additional 195,520 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $281.97 on Friday. The company’s 50 day simple moving average is $266.95 and its 200-day simple moving average is $252.39. SPDR Gold Shares has a 12 month low of $203.87 and a 12 month high of $284.19. The firm has a market capitalization of $84.76 billion, a PE ratio of -29.30 and a beta of 0.20.

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).