Berkshire Bank Invests $211,000 in SPDR Gold Shares (NYSEARCA:GLD)

Berkshire Bank purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 734 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake 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. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $450,109,000. Leigh Baldwin & CO. LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $401,829,000. Ameriprise Financial Inc. boosted its holdings in SPDR Gold Shares by 10.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after purchasing an additional 136,120 shares during the last quarter. Finally, Wealthfront Advisers LLC grew 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 worth $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $311.94 on Wednesday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The firm has a 50-day moving average price of $304.84 and a two-hundred day moving average price of $275.83. The firm has a market cap of $102.00 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).