HighTower Advisors LLC Has $398.49 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

HighTower Advisors LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,645,767 shares of the exchange traded fund’s stock after selling 7,292 shares during the quarter. SPDR Gold Shares comprises 0.5% of HighTower Advisors LLC’s holdings, making the stock its 29th biggest position. HighTower Advisors LLC’s holdings in SPDR Gold Shares were worth $398,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC lifted its stake in 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 valued at $14,710,294,000 after acquiring an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $450,109,000. Wealthfront Advisers LLC lifted its stake 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 in the last quarter. Strategic Financial Concepts LLC lifted 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 in the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $269.16 on Wednesday. The stock has a market capitalization of $80.91 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The stock’s 50 day moving average price is $259.29 and its two-hundred day moving average price is $248.79. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $272.32.

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).