Clg LLC Increases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Clg LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,913 shares of the exchange traded fund’s stock after buying an additional 38 shares during the period. Clg LLC’s holdings in SPDR Gold Shares were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Proficio Capital Partners LLC lifted its stake in 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 valued at $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $401,829,000. Ameriprise Financial Inc. lifted its position in shares of SPDR Gold Shares by 10.9% in 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 in the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of SPDR Gold Shares by 1,374.2% in 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 in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $310.26 on Thursday. The stock’s fifty day moving average is $305.33 and its two-hundred day moving average is $276.06. The firm has a market capitalization of $101.46 billion, a P/E ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a fifty-two week low of $212.12 and a fifty-two week high of $317.63.

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).