SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Access Financial Services Inc.

Access Financial Services Inc. trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,090 shares of the exchange traded fund’s stock after selling 40 shares during the quarter. Access Financial Services Inc.’s holdings in SPDR Gold Shares were worth $1,178,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC grew its holdings 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 valued at $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at $401,829,000. Ameriprise Financial Inc. grew its holdings in shares of 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 valued at $335,909,000 after buying an additional 136,120 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in shares of 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 valued at $271,568,000 after buying an additional 1,045,499 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.3%

Shares of GLD stock opened at $316.29 on Monday. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63. The company has a market capitalization of $103.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The stock’s fifty day simple moving average is $303.57 and its 200-day simple moving average is $275.11.

SPDR Gold Shares Company 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).