Nottingham Advisors Inc. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 2,262 shares of the exchange traded fund’s stock after selling 142 shares during the period. Nottingham Advisors Inc.’s holdings in SPDR Gold Shares were worth $548,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. Proficio Capital Partners LLC grew 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 last quarter. Raymond James Financial Inc. bought a new stake in SPDR Gold Shares during the 4th quarter worth approximately $450,109,000. Wealthfront Advisers LLC increased its position in 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 valued at $271,568,000 after acquiring an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC increased its position 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 period. Finally, Starr Indemnity & Liability Co acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth $79,222,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.2 %
Shares of SPDR Gold Shares stock opened at $288.16 on Thursday. The stock has a market cap of $86.62 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a twelve month low of $210.30 and a twelve month high of $291.22. The company’s fifty day moving average is $269.78 and its 200 day moving average is $253.99.
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).
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