Douglass Winthrop Advisors LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Douglass Winthrop Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,231 shares of the exchange traded fund’s stock after acquiring an additional 170 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in SPDR Gold Shares were worth $1,024,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its holdings 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 last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $450,109,000. Wealthfront Advisers LLC raised its stake in shares of SPDR Gold Shares by 1,374.2% during the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after buying an additional 1,045,499 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after buying an additional 606,411 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its stake in SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.8 %

NYSEARCA:GLD opened at $278.49 on Friday. The firm has a 50-day moving average price of $264.47 and a two-hundred day moving average price of $251.06. The company has a market capitalization of $83.71 billion, a P/E ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a twelve month low of $199.72 and a twelve month high of $281.48.

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).