Linscomb Wealth Inc. Has $342,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Linscomb Wealth Inc. lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,413 shares of the exchange traded fund’s stock after purchasing an additional 81 shares during the quarter. Linscomb Wealth Inc.’s holdings in SPDR Gold Shares were worth $342,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Consilium Wealth Advisory LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at $5,145,000. Heritage Oak Wealth Advisors LLC grew its holdings in shares of SPDR Gold Shares by 80.8% during the 4th quarter. Heritage Oak Wealth Advisors LLC now owns 14,977 shares of the exchange traded fund’s stock worth $3,626,000 after purchasing an additional 6,691 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of 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 purchasing an additional 60,504,152 shares during the period. Oppenheimer & Co. Inc. raised its stake in SPDR Gold Shares by 6.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 91,422 shares of the exchange traded fund’s stock valued at $22,136,000 after purchasing an additional 5,744 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its position in SPDR Gold Shares by 4.0% during the fourth quarter. Kovack Advisors Inc. now owns 9,989 shares of the exchange traded fund’s stock worth $2,419,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6 %

Shares of SPDR Gold Shares stock opened at $263.27 on Friday. The firm’s 50-day moving average price is $255.57 and its two-hundred day moving average price is $246.68. The company has a market capitalization of $79.14 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $189.23 and a 12-month high of $272.32.

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).