Syon Capital LLC Purchases 343 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Syon Capital LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,662 shares of the exchange traded fund’s stock after purchasing an additional 343 shares during the period. SPDR Gold Shares makes up approximately 0.8% of Syon Capital LLC’s investment portfolio, making the stock its 25th biggest position. Syon Capital LLC’s holdings in SPDR Gold Shares were worth $8,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Proficio Capital Partners LLC boosted its holdings in shares of SPDR Gold Shares by 24,245.2% during 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 position in SPDR Gold Shares in the 4th quarter valued at approximately $450,109,000. Wealthfront Advisers LLC grew its holdings in SPDR Gold Shares by 1,374.2% during the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after acquiring an additional 1,045,499 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of SPDR Gold Shares by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after purchasing an additional 32,712 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of SPDR Gold Shares by 0.9% in the fourth quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock worth $200,957,000 after purchasing an additional 7,424 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 1.4 %

NYSEARCA GLD opened at $311.11 on Wednesday. The company has a market capitalization of $93.52 billion, a price-to-earnings ratio of -32.58 and a beta of 0.17. SPDR Gold Shares has a twelve month low of $210.71 and a twelve month high of $317.63. The stock has a fifty day simple moving average of $280.09 and a 200 day simple moving average of $259.50.

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).