Symmetry Partners LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Symmetry Partners LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 36.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,734 shares of the exchange traded fund’s stock after purchasing an additional 464 shares during the quarter. Symmetry Partners LLC’s holdings in SPDR Gold Shares were worth $500,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC grew its position 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 buying 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 approximately $450,109,000. Leigh Baldwin & CO. LLC bought a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $401,829,000. Ameriprise Financial Inc. grew its position 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 buying an additional 136,120 shares during the period. Finally, Wealthfront Advisers LLC grew its position 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 buying an additional 1,045,499 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.3%

Shares of NYSEARCA GLD opened at $311.08 on Tuesday. SPDR Gold Shares has a 12-month low of $212.12 and a 12-month high of $317.63. The firm has a market capitalization of $101.72 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The firm has a 50 day moving average of $306.23 and a 200 day moving average of $277.92.

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).