Basso Capital Management L.P. Has $4.89 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Basso Capital Management L.P. grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,195 shares of the exchange traded fund’s stock after acquiring an additional 810 shares during the quarter. SPDR Gold Shares accounts for approximately 4.2% of Basso Capital Management L.P.’s investment portfolio, making the stock its 5th biggest position. Basso Capital Management L.P.’s holdings in SPDR Gold Shares were worth $4,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GLD. Proficio Capital Partners LLC lifted its position in SPDR Gold Shares by 24,245.2% during 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. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $450,109,000. Wealthfront Advisers LLC increased its stake in shares of SPDR Gold Shares by 1,374.2% in the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after buying an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC increased its stake 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 valued at $147,427,000 after buying an additional 606,411 shares during the period. Finally, Diversify Advisory Services LLC lifted its position 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 worth $59,410,000 after purchasing an additional 195,520 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $275.24 on Monday. The company has a market capitalization of $82.74 billion, a P/E ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 52-week low of $198.94 and a 52-week high of $276.30. The company’s 50 day moving average price is $261.08 and its 200-day moving average price is $249.65.

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).