CIBC Private Wealth Group LLC Buys 1,394 Shares of SPDR Gold Shares (NYSEARCA:GLD)

CIBC Private Wealth Group LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 61,098 shares of the exchange traded fund’s stock after buying an additional 1,394 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in SPDR Gold Shares were worth $15,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in shares of SPDR Gold Shares by 24,245.2% during the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after purchasing an additional 60,504,152 shares during the period. Raymond James Financial Inc. purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $450,109,000. Wealthfront Advisers LLC grew 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 during the last quarter. Strategic Financial Concepts LLC grew its position in shares of 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 worth $147,427,000 after buying an additional 606,411 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its stake in shares of 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 valued at $59,410,000 after buying an additional 195,520 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.4 %

Shares of NYSEARCA GLD opened at $288.14 on Tuesday. SPDR Gold Shares has a 12 month low of $206.29 and a 12 month high of $289.13. The firm has a market capitalization of $86.61 billion, a PE ratio of -29.30 and a beta of 0.20. The firm has a fifty day simple moving average of $268.42 and a two-hundred day simple moving average of $253.41.

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).