IvyRock Asset Management HK Ltd Grows Holdings in SPDR Gold Shares (NYSEARCA:GLD)

IvyRock Asset Management HK Ltd increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400 shares of the exchange traded fund’s stock after acquiring an additional 800 shares during the quarter. SPDR Gold Shares comprises about 0.3% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 12th biggest holding. IvyRock Asset Management HK Ltd’s holdings in SPDR Gold Shares were worth $581,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in shares of 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 worth $14,710,294,000 after purchasing 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 fourth quarter valued at approximately $450,109,000. Wealthfront Advisers LLC lifted its position 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 acquiring an additional 1,045,499 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in SPDR Gold Shares by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after purchasing an additional 32,712 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $277.25 on Tuesday. SPDR Gold Shares has a one year low of $200.97 and a one year high of $281.48. The business’s fifty day moving average is $265.10 and its 200 day moving average is $251.67. The stock has a market capitalization of $83.34 billion, a PE ratio of -29.30 and a beta of 0.20.

SPDR Gold Shares Company 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).