SPDR Gold Shares (NYSEARCA:GLD) Position Raised by 44 Wealth Management LLC

44 Wealth Management LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 30.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,430 shares of the exchange traded fund’s stock after purchasing an additional 2,198 shares during the period. SPDR Gold Shares makes up about 1.0% of 44 Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. 44 Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of SPDR Gold Shares by 132.3% in the fourth quarter. Fisher Asset Management LLC now owns 4,713 shares of the exchange traded fund’s stock valued at $1,141,000 after buying an additional 2,684 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of SPDR Gold Shares by 38.1% during the 4th quarter. Proficio Capital Partners LLC now owns 344,610 shares of the exchange traded fund’s stock valued at $83,440,000 after acquiring an additional 95,059 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth $97,000. Finally, Promus Capital LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter worth $1,186,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.7%

Shares of SPDR Gold Shares stock opened at $307.14 on Friday. SPDR Gold Shares has a 12-month low of $217.27 and a 12-month high of $317.63. The firm has a market capitalization of $102.40 billion, a PE ratio of -32.43 and a beta of 0.15. The stock’s fifty day moving average is $306.12 and its 200-day moving average is $280.77.

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).