International Assets Investment Management LLC Buys 2,628 Shares of SPDR Gold Shares (NYSEARCA:GLD)

International Assets Investment Management LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 19.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,332 shares of the exchange traded fund’s stock after buying an additional 2,628 shares during the period. International Assets Investment Management LLC’s holdings in SPDR Gold Shares were worth $4,706,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted its position in shares of SPDR Gold Shares by 24,245.2% during 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $450,109,000. Leigh Baldwin & CO. LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $401,829,000. Wealthfront Advisers LLC boosted its position 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 valued at $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Finally, Mizuho Bank Ltd. bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $145,278,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $311.08 on Tuesday. The stock’s 50-day moving average is $306.23 and its 200 day moving average is $277.92. The firm has a market cap of $101.72 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a one year low of $212.12 and a one year high of $317.63.

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).