SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1,053.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,441 shares of the exchange traded fund’s stock after purchasing an additional 96,302 shares during the quarter. SPDR Gold Shares comprises approximately 2.1% of Wellington Shields Capital Management LLC’s holdings, making the stock its 11th biggest holding. Wellington Shields Capital Management LLC’s holdings in SPDR Gold Shares were worth $25,530,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GLD. Proficio Capital Partners LLC increased its position in 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 purchasing an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $450,109,000. Wealthfront Advisers LLC grew its stake in SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after buying an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC increased its position in shares of SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after acquiring an additional 606,411 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.8 %

NYSEARCA:GLD opened at $275.13 on Friday. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $277.14. The firm has a market capitalization of $82.70 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The firm’s fifty day simple moving average is $260.45 and its 200 day simple moving average is $249.12.

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).