Crowley Wealth Management Inc. Purchases Shares of 2,330 SPDR Gold Shares (NYSEARCA:GLD)

Crowley Wealth Management Inc. acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,330 shares of the exchange traded fund’s stock, valued at approximately $564,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its position in shares of 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 acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in 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 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 last quarter. Commonwealth Equity Services LLC lifted its position in SPDR Gold Shares by 3.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after buying an additional 32,712 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after buying an additional 100,149 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $278.49 on Friday. SPDR Gold Shares has a 1 year low of $200.97 and a 1 year high of $281.48. The firm has a 50-day simple moving average of $264.47 and a two-hundred day simple moving average of $251.20. The company has a market cap of $83.71 billion, a P/E 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).