Optimum Investment Advisors Lowers Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Optimum Investment Advisors trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,676 shares of the exchange traded fund’s stock after selling 346 shares during the quarter. SPDR Gold Shares comprises about 1.1% of Optimum Investment Advisors’ holdings, making the stock its 14th biggest holding. Optimum Investment Advisors’ holdings in SPDR Gold Shares were worth $2,585,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC raised 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 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 SPDR Gold Shares in the 4th quarter worth about $450,109,000. Wealthfront Advisers LLC raised 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 worth $271,568,000 after buying an additional 1,045,499 shares during the last quarter. Commonwealth Equity Services LLC raised its position in SPDR Gold Shares by 3.5% in the 4th 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 lifted its stake in SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring 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 Stock Down 0.8 %

Shares of NYSEARCA GLD opened at $278.49 on Friday. The firm’s 50-day moving average price is $264.47 and its 200-day moving average price is $251.20. SPDR Gold Shares has a 52-week low of $200.97 and a 52-week high of $281.48. The company has a market cap of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20.

SPDR Gold Shares 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).