Wealthfront Advisers LLC Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Wealthfront Advisers LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1,374.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,121,579 shares of the exchange traded fund’s stock after acquiring an additional 1,045,499 shares during the quarter. Wealthfront Advisers LLC owned 0.37% of SPDR Gold Shares worth $271,568,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GLD. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp increased its position in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 47 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $39,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $266.04 on Tuesday. The stock has a market capitalization of $79.97 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $198.94 and a 12 month high of $272.32. The business has a 50 day simple moving average of $258.75 and a 200-day simple moving average of $248.53.

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).