Account Management LLC Has $1.36 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Account Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,610 shares of the exchange traded fund’s stock after acquiring an additional 400 shares during the quarter. SPDR Gold Shares makes up about 1.6% of Account Management LLC’s portfolio, making the stock its 14th largest holding. Account Management LLC’s holdings in SPDR Gold Shares were worth $1,358,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its position in shares of 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 period. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $450,109,000. Wealthfront Advisers LLC raised its stake in shares of 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 worth $271,568,000 after purchasing an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC increased its position 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 buying an additional 606,411 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.4 %

SPDR Gold Shares stock opened at $278.47 on Wednesday. The business has a 50-day simple moving average of $265.73 and a 200 day simple moving average of $252.00. The stock has a market cap of $83.71 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $201.07 and a 52 week high of $281.48.

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).