SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Net Worth Advisory Group

Net Worth Advisory Group raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,839 shares of the exchange traded fund’s stock after acquiring an additional 56 shares during the quarter. Net Worth Advisory Group’s holdings in SPDR Gold Shares were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings 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 during the last quarter. Raymond James Financial Inc. bought a new position in SPDR Gold Shares in the fourth quarter worth $450,109,000. Leigh Baldwin & CO. LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at $401,829,000. Wealthfront Advisers LLC lifted its holdings in shares of SPDR Gold Shares by 1,374.2% during the fourth 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 during the period. Finally, Mizuho Bank Ltd. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at $145,278,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.5%

SPDR Gold Shares stock opened at $308.37 on Thursday. The stock has a 50-day simple moving average of $301.98 and a 200 day simple moving average of $273.69. SPDR Gold Shares has a 12-month low of $212.12 and a 12-month high of $317.63. The stock has a market capitalization of $100.84 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).