Gibson Capital LLC Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Gibson Capital LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, Holdings Channel reports. The fund acquired 800 shares of the exchange traded fund’s stock, valued at approximately $231,000.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in SPDR Gold Shares by 24,245.2% in the fourth 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. purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $450,109,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $401,829,000. Ameriprise Financial Inc. grew its stake in 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 worth $335,909,000 after buying an additional 136,120 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its stake 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 buying an additional 1,045,499 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5%

GLD opened at $306.62 on Tuesday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The business’s 50 day moving average is $301.00 and its two-hundred day moving average is $273.21. The firm has a market cap of $100.26 billion, a price-to-earnings 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).