Kiker Wealth Management LLC Takes $379,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Kiker Wealth Management LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,565 shares of the exchange traded fund’s stock, valued at approximately $379,000.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC raised its stake 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 valued at $14,710,294,000 after purchasing an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. bought a new position in SPDR Gold Shares during the 4th quarter worth about $450,109,000. Wealthfront Advisers LLC grew its holdings in 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 acquiring an additional 1,045,499 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings 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 worth $237,303,000 after acquiring an additional 32,712 shares in the last quarter. Finally, Stifel Financial Corp boosted 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 valued at $199,924,000 after buying an additional 100,149 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.1 %

Shares of SPDR Gold Shares stock opened at $280.75 on Friday. The firm has a market capitalization of $84.39 billion, a P/E ratio of -29.30 and a beta of 0.20. The company has a 50 day moving average price of $263.87 and a 200 day moving average price of $250.73. SPDR Gold Shares has a 52 week low of $199.72 and a 52 week high of $281.48.

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).