Raub Brock Capital Management LP Makes New $449,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Raub Brock Capital Management LP bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,560 shares of the exchange traded fund’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Proficio Capital Partners LLC boosted 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 worth $14,710,294,000 after purchasing an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $450,109,000. Leigh Baldwin & CO. LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $401,829,000. Ameriprise Financial Inc. boosted its position in shares of SPDR Gold Shares by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after purchasing an additional 136,120 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of 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 worth $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.3%

GLD stock opened at $316.29 on Friday. The stock has a market capitalization of $103.43 billion, a PE ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 12-month low of $212.12 and a 12-month high of $317.63. The stock’s 50 day simple moving average is $303.57 and its 200 day simple moving average is $274.67.

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).