Raymond James Financial Inc. Takes $450.11 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Raymond James Financial Inc. bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,858,958 shares of the exchange traded fund’s stock, valued at approximately $450,109,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Clarus Group Inc. boosted its stake in shares of SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares in the last quarter. Pittenger & Anderson Inc. raised its position in shares of SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of SPDR Gold Shares by 2.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock valued at $369,000 after acquiring an additional 41 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.2 %

GLD stock opened at $269.62 on Thursday. The firm has a market cap of $81.05 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $197.44 and a 12-month high of $272.32. The stock’s 50 day simple moving average is $257.20 and its 200 day simple moving average is $247.65.

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).