Allied Investment Advisors LLC Acquires New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Allied Investment Advisors LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,185 shares of the exchange traded fund’s stock, valued at approximately $1,782,000.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in SPDR Gold Shares by 24,245.2% in 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 acquiring an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $401,829,000. Ameriprise Financial Inc. increased its holdings in shares of SPDR Gold Shares by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after purchasing an additional 136,120 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in shares of 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 purchasing an additional 1,045,499 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.7%

GLD stock opened at $303.60 on Friday. The company’s 50-day moving average price is $298.11 and its 200 day moving average price is $270.25. SPDR Gold Shares has a 52 week low of $211.54 and a 52 week high of $317.63. The company has a market cap of $91.26 billion, a P/E ratio of -32.43 and a beta of 0.12.

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).