Integrity Wealth Advisors Inc. Takes $354,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Integrity Wealth Advisors Inc. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,463 shares of the exchange traded fund’s stock, valued at approximately $354,000.

A number of other hedge funds also recently modified their holdings of the stock. Proficio Capital Partners LLC raised its position 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 valued at $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. acquired a new position in SPDR Gold Shares during the fourth quarter valued at approximately $450,109,000. Wealthfront Advisers LLC lifted its stake in SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of SPDR Gold Shares by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after purchasing an additional 32,712 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of SPDR Gold Shares by 0.5% in the 4th quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock valued at $168,309,000 after purchasing an additional 3,470 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $296.23 on Tuesday. SPDR Gold Shares has a 52 week low of $210.71 and a 52 week high of $299.28. The stock has a market capitalization of $89.05 billion, a P/E ratio of -30.67 and a beta of 0.17. The stock has a fifty day moving average of $275.23 and a 200-day moving average of $256.99.

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).