Eagle Rock Investment Company LLC Invests $284,000 in SPDR Gold Shares (NYSEARCA:GLD)

Eagle Rock Investment Company LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, Holdings Channel.com reports. The firm purchased 985 shares of the exchange traded fund’s stock, valued at approximately $284,000.

Several other large investors have also modified their holdings of the stock. Proficio Capital Partners LLC raised its stake in shares of 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 worth $14,710,294,000 after purchasing an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPDR Gold Shares during the fourth quarter worth $450,109,000. Leigh Baldwin & CO. LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth $401,829,000. Ameriprise Financial Inc. grew its holdings in SPDR Gold Shares by 10.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after acquiring an additional 136,120 shares during the period. Finally, Wealthfront Advisers LLC grew its holdings in 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 worth $271,568,000 after acquiring an additional 1,045,499 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $305.18 on Friday. The business’s fifty day moving average price is $300.63 and its 200 day moving average price is $272.44. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63. The firm has a market capitalization of $99.79 billion, a PE ratio of -32.43 and a beta of 0.11.

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).