Quent Capital LLC Has $5.12 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Quent Capital LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,780 shares of the exchange traded fund’s stock after acquiring an additional 98 shares during the period. Quent Capital LLC’s holdings in SPDR Gold Shares were worth $5,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted its holdings 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 acquiring an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in SPDR Gold Shares during the 4th quarter valued at $450,109,000. Leigh Baldwin & CO. LLC acquired a new stake in SPDR Gold Shares during the 4th quarter valued at $401,829,000. Wealthfront Advisers LLC raised its position in 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 valued at $271,568,000 after purchasing an additional 1,045,499 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $305.61 on Friday. The stock’s fifty day moving average is $297.61 and its 200-day moving average is $269.59. The stock has a market capitalization of $91.87 billion, a PE ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 52 week low of $211.54 and a 52 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).