SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.8% in the first quarter, HoldingsChannel.com reports. The firm owned 49,433 shares of the exchange traded fund’s stock after purchasing an additional 1,369 shares during the quarter. Park Avenue Securities LLC’s holdings in SPDR Gold Shares were worth $14,244,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $450,109,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $401,829,000. Ameriprise Financial Inc. lifted its position in shares of SPDR Gold Shares by 10.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after acquiring an additional 136,120 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of 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 valued at $271,568,000 after acquiring an additional 1,045,499 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $305.18 on Friday. SPDR Gold Shares has a one year low of $212.12 and a one year high of $317.63. The stock has a fifty day moving average of $300.63 and a 200-day moving average of $272.64. The company has a market capitalization of $99.79 billion, a PE ratio of -32.43 and a beta of 0.11.

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).