HBK Sorce Advisory LLC Purchases 56 Shares of SPDR Gold Shares (NYSEARCA:GLD)

HBK Sorce Advisory LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,450 shares of the exchange traded fund’s stock after purchasing an additional 56 shares during the period. HBK Sorce Advisory LLC’s holdings in SPDR Gold Shares were worth $1,562,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in shares of 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 valued at $14,710,294,000 after acquiring an additional 60,504,152 shares during the period. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $450,109,000. Wealthfront Advisers LLC grew its position in shares of SPDR Gold Shares by 1,374.2% during the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after acquiring an additional 1,045,499 shares during the period. Stifel Financial Corp grew its position in shares of SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares during the period. Finally, State Street Corp grew its position in shares of SPDR Gold Shares by 6.6% during the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after acquiring an additional 47,507 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.8 %

SPDR Gold Shares stock opened at $275.13 on Friday. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $276.38. The firm has a 50 day moving average price of $260.45 and a 200-day moving average price of $249.12. The company has a market capitalization of $82.70 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).