Dorsey & Whitney Trust CO LLC Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Dorsey & Whitney Trust CO LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,505 shares of the exchange traded fund’s stock after purchasing an additional 226 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in SPDR Gold Shares were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its position 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 period. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter worth $450,109,000. Strategic Financial Concepts LLC boosted its position in shares of SPDR Gold Shares by 24,600.9% during 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. Diversify Advisory Services LLC boosted its position in shares of SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after acquiring an additional 195,520 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $266.04 on Tuesday. The firm has a fifty day moving average price of $258.75 and a 200 day moving average price of $248.53. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $272.32. The firm has a market cap of $79.97 billion, a price-to-earnings ratio of -28.59 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).