Jaffetilchin Investment Partners LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Jaffetilchin Investment Partners LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.8% during the fourth quarter, HoldingsChannel reports. The fund owned 33,917 shares of the exchange traded fund’s stock after acquiring an additional 1,257 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in SPDR Gold Shares were worth $8,212,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC grew 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 buying an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $450,109,000. Wealthfront Advisers LLC boosted its stake in 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 during the period. Commonwealth Equity Services LLC grew its holdings in shares of SPDR Gold Shares by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after purchasing an additional 32,712 shares during the last quarter. Finally, State Street Corp raised its position in shares of SPDR Gold Shares by 6.6% during the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 2.4 %

Shares of NYSEARCA GLD opened at $292.35 on Friday. SPDR Gold Shares has a 12-month low of $210.71 and a 12-month high of $298.49. The company has a market cap of $87.88 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. The stock’s 50 day simple moving average is $273.88 and its 200 day simple moving average is $256.20.

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).