Allen Wealth Management LLC Buys New Position in SPDR Gold Shares (NYSEARCA:GLD)

Allen Wealth Management LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 857 shares of the exchange traded fund’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GLD. Proficio Capital Partners LLC raised its position in SPDR Gold Shares by 24,245.2% in the 4th 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. purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $450,109,000. Wealthfront Advisers LLC raised its holdings 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 valued at $271,568,000 after acquiring an additional 1,045,499 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after acquiring an additional 606,411 shares during the last quarter. Finally, Starr Indemnity & Liability Co purchased a new position in SPDR Gold Shares in the fourth quarter worth approximately $79,222,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.2 %

Shares of NYSEARCA:GLD opened at $288.16 on Thursday. SPDR Gold Shares has a 52 week low of $210.30 and a 52 week high of $291.22. The company’s 50 day moving average is $269.78 and its two-hundred day moving average is $253.99. The company has a market cap of $86.62 billion, a PE ratio of -30.67 and a beta of 0.17.

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).