SVB Wealth LLC Takes $6.21 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

SVB Wealth LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, HoldingsChannel reports. The fund bought 25,661 shares of the exchange traded fund’s stock, valued at approximately $6,213,000.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC raised its position in 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. Strategic Financial Concepts LLC raised its holdings in shares of SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after buying an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC lifted its position in SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after buying an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in SPDR Gold Shares by 47.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. increased its position in SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.6 %

Shares of NYSEARCA GLD opened at $263.27 on Friday. SPDR Gold Shares has a 1-year low of $189.23 and a 1-year high of $272.32. The company has a 50-day moving average of $255.57 and a two-hundred day moving average of $246.81. The company has a market cap of $79.14 billion, a PE ratio of -28.59 and a beta of 0.20.

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).