Grantvest Financial Group LLC Acquires New Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Grantvest Financial Group LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,691 shares of the exchange traded fund’s stock, valued at approximately $409,000.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings in shares of 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 worth $14,710,294,000 after acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $450,109,000. Wealthfront Advisers LLC boosted its position 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 worth $271,568,000 after buying an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC grew its holdings 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 valued at $147,427,000 after buying an additional 606,411 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its position in 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 valued at $59,410,000 after buying an additional 195,520 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

Shares of NYSEARCA:GLD opened at $278.49 on Monday. The firm has a fifty day moving average of $264.47 and a two-hundred day moving average of $251.35. SPDR Gold Shares has a 12-month low of $200.97 and a 12-month high of $281.48. The firm has a market capitalization of $83.71 billion, a P/E ratio of -29.30 and a beta of 0.20.

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).