Viewpoint Investment Partners Corp Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Viewpoint Investment Partners Corp bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, Holdings Channel.com reports. The firm bought 3,375 shares of the exchange traded fund’s stock, valued at approximately $972,000. SPDR Gold Shares makes up about 0.5% of Viewpoint Investment Partners Corp’s holdings, making the stock its 18th largest position.

Several other hedge funds have also recently bought and sold shares of GLD. Proficio Capital Partners LLC boosted its holdings in SPDR Gold Shares by 24,245.2% during 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 during the period. Raymond James Financial Inc. bought a new stake in SPDR Gold Shares during the fourth quarter valued at about $450,109,000. Leigh Baldwin & CO. LLC bought a new stake in SPDR Gold Shares during the fourth quarter valued at about $401,829,000. Ameriprise Financial Inc. boosted its holdings in SPDR Gold Shares by 10.9% during the fourth 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 period. Finally, Wealthfront Advisers LLC boosted its holdings 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 valued at $271,568,000 after acquiring an additional 1,045,499 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $316.29 on Friday. SPDR Gold Shares has a 52-week low of $212.12 and a 52-week high of $317.63. The company has a 50-day moving average of $303.57 and a two-hundred day moving average of $274.67. The stock has a market capitalization of $103.43 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).