Clare Market Investments LLC Purchases New Position in SPDR Gold Shares (NYSEARCA:GLD)

Clare Market Investments LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, HoldingsChannel reports. The firm purchased 6,541 shares of the exchange traded fund’s stock, valued at approximately $1,584,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC increased its stake in SPDR Gold Shares by 24,245.2% during 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 buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in SPDR Gold Shares during the 4th quarter worth approximately $450,109,000. Strategic Financial Concepts LLC increased its stake in SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after buying an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of SPDR Gold Shares by 446.0% in 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 purchasing an additional 195,520 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after purchasing an additional 146,271 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $268.39 on Monday. The business has a 50 day simple moving average of $258.24 and a 200-day simple moving average of $248.27. The firm has a market capitalization of $80.68 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $272.32.

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).