Foster Dykema Cabot & Partners LLC Has $159,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Foster Dykema Cabot & Partners LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 655 shares of the exchange traded fund’s stock after selling 100 shares during the period. Foster Dykema Cabot & Partners LLC’s holdings in SPDR Gold Shares were worth $159,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC lifted 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 worth $14,710,294,000 after purchasing an additional 60,504,152 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $450,109,000. Wealthfront Advisers LLC increased 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 last quarter. Commonwealth Equity Services LLC raised its position in 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 in the last quarter. Finally, US Bancorp DE lifted its stake in SPDR Gold Shares by 0.5% during the fourth quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock worth $168,309,000 after purchasing an additional 3,470 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $307.47 on Thursday. SPDR Gold Shares has a 52-week low of $210.71 and a 52-week high of $308.39. The firm has a market cap of $92.43 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. The business’s fifty day moving average is $276.79 and its 200-day moving average is $257.62.

SPDR Gold Shares Company 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).