Spectrum Asset Management Inc. NB CA Has $285,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Spectrum Asset Management Inc. NB CA reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 988 shares of the exchange traded fund’s stock after selling 39 shares during the period. Spectrum Asset Management Inc. NB CA’s holdings in SPDR Gold Shares were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted 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 worth $14,710,294,000 after buying an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $450,109,000. Leigh Baldwin & CO. LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $401,829,000. Ameriprise Financial Inc. increased its position in SPDR Gold Shares by 10.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after purchasing an additional 136,120 shares in the last quarter. Finally, 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 valued at $271,568,000 after purchasing an additional 1,045,499 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $308.37 on Thursday. The company’s 50 day moving average price is $301.98 and its two-hundred day moving average price is $273.69. The firm has a market capitalization of $100.84 billion, a P/E ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a fifty-two week low of $212.12 and a fifty-two week 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).