Potentia Wealth Makes New $497,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Potentia Wealth bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,052 shares of the exchange traded fund’s stock, valued at approximately $497,000.

A number of other institutional investors have also modified their holdings of GLD. Proficio Capital Partners LLC lifted its holdings in SPDR Gold Shares by 24,245.2% in the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPDR Gold Shares during the 4th quarter valued at approximately $450,109,000. Wealthfront Advisers LLC grew its stake in 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 worth $271,568,000 after buying an additional 1,045,499 shares during the last quarter. Strategic Financial Concepts LLC increased its position in 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 worth $147,427,000 after buying an additional 606,411 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $277.25 on Tuesday. SPDR Gold Shares has a 1 year low of $200.97 and a 1 year high of $281.48. The firm has a fifty day moving average of $265.10 and a 200-day moving average of $251.67. The company has a market cap of $83.34 billion, a price-to-earnings ratio of -29.30 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).