Prentiss Smith & Co. Inc. Invests $338,000 in SPDR Gold Shares (NYSEARCA:GLD)

Prentiss Smith & Co. Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,174 shares of the exchange traded fund’s stock, valued at approximately $338,000.

Several other hedge funds also recently made changes to their positions in GLD. Proficio Capital Partners LLC lifted 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 purchasing an additional 60,504,152 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $450,109,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $401,829,000. Ameriprise Financial Inc. lifted its stake in shares of SPDR Gold Shares by 10.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after purchasing an additional 136,120 shares during the period. Finally, Wealthfront Advisers LLC lifted its stake in shares of 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 valued at $271,568,000 after purchasing an additional 1,045,499 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.1%

Shares of NYSEARCA GLD opened at $311.94 on Wednesday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The firm has a 50-day moving average price of $304.84 and a 200 day moving average price of $275.83. The stock has a market capitalization of $102.00 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).