SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 14.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,973 shares of the exchange traded fund’s stock after selling 1,859 shares during the period. IPG Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $2,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in shares of SPDR Gold Shares by 24,245.2% in the fourth 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. acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $450,109,000. Wealthfront Advisers LLC grew its stake in shares of SPDR Gold Shares by 1,374.2% during 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 during the period. Strategic Financial Concepts LLC grew its stake in shares of SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares during the period. Finally, Diversify Advisory Services LLC increased its holdings 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 purchasing an additional 195,520 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

GLD stock opened at $284.06 on Friday. The company’s 50-day moving average price is $267.64 and its 200 day moving average price is $252.90. SPDR Gold Shares has a 52 week low of $206.29 and a 52 week high of $284.64. The company has a market cap of $85.39 billion, a P/E ratio of -29.30 and a beta of 0.20.

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).