SPDR Gold Shares (NYSEARCA:GLD) Sets New 12-Month High – Here’s What Happened

SPDR Gold Shares (NYSEARCA:GLD) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $268.66 and last traded at $268.37, with a volume of 13218761 shares trading hands. The stock had previously closed at $263.90.

SPDR Gold Shares Stock Up 1.7 %

The firm’s 50 day simple moving average is $248.30 and its 200 day simple moving average is $242.21.

Institutional Trading of SPDR Gold Shares

A number of large investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake 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 valued at $14,710,294,000 after purchasing an additional 60,504,152 shares during the last quarter. International Assets Investment Management LLC raised its holdings in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the period. Raymond James Financial Inc. bought a new stake in SPDR Gold Shares in the fourth quarter worth $450,109,000. Wealthfront Advisers LLC boosted its stake 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 buying an additional 1,045,499 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in SPDR Gold Shares by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after acquiring an additional 32,712 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

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).