Proficio Capital Partners LLC Purchases 60,504,152 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Proficio Capital Partners LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 24,245.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,753,703 shares of the exchange traded fund’s stock after acquiring an additional 60,504,152 shares during the period. SPDR Gold Shares makes up 8.4% of Proficio Capital Partners LLC’s portfolio, making the stock its 3rd largest position. Proficio Capital Partners LLC owned approximately 0.20% of SPDR Gold Shares worth $14,710,294,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter worth approximately $28,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth $31,000. PayPay Securities Corp boosted its stake in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 47 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the third quarter worth $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the third quarter worth $38,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $269.03 on Thursday. The stock’s fifty day moving average is $254.64 and its two-hundred day moving average is $246.31. The firm has a market capitalization of $80.87 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $187.88 and a fifty-two week high of $272.32.

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).