SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,797 shares of the exchange traded fund’s stock after buying an additional 347 shares during the period. HBK Sorce Advisory LLC’s holdings in SPDR Gold Shares were worth $1,958,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GLD. Proficio Capital Partners LLC lifted its stake 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 buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $401,829,000. Wealthfront Advisers LLC lifted its stake in SPDR Gold Shares by 1,374.2% in the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new position in SPDR Gold Shares during the fourth quarter worth approximately $145,278,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.6%

NYSEARCA GLD opened at $306.19 on Wednesday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The business’s fifty day simple moving average is $306.40 and its 200-day simple moving average is $278.12. The firm has a market cap of $100.12 billion, a PE ratio of -32.43 and a beta of 0.11.

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).