Continuum Advisory LLC Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

Continuum Advisory LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,418 shares of the exchange traded fund’s stock after selling 201 shares during the period. Continuum Advisory LLC’s holdings in SPDR Gold Shares were worth $3,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GLD. Proficio Capital Partners LLC raised its position in 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 valued at $14,710,294,000 after purchasing an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SPDR Gold Shares during the 4th quarter worth $450,109,000. Leigh Baldwin & CO. LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at $401,829,000. Wealthfront Advisers LLC raised its holdings 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 buying an additional 1,045,499 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of 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 valued at $147,427,000 after buying an additional 606,411 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.9%

NYSEARCA GLD opened at $303.58 on Wednesday. The firm has a market cap of $91.26 billion, a P/E ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 52-week low of $211.54 and a 52-week high of $317.63. The business’s 50-day moving average price is $293.75 and its 200 day moving average price is $266.94.

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).