Tcfg Wealth Management LLC Decreases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Tcfg Wealth Management LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,428 shares of the exchange traded fund’s stock after selling 163 shares during the period. Tcfg Wealth Management LLC’s holdings in SPDR Gold Shares were worth $988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC raised its stake in 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. purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $450,109,000. Leigh Baldwin & CO. LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $401,829,000. Wealthfront Advisers LLC raised 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 valued at $271,568,000 after acquiring an additional 1,045,499 shares during the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $145,278,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.3%

GLD opened at $316.29 on Friday. The business has a 50 day moving average price of $303.57 and a two-hundred day moving average price of $274.89. The company has a market cap of $103.43 billion, a PE ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63.

SPDR Gold Shares 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).