Apriem Advisors Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Apriem Advisors raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,000 shares of the exchange traded fund’s stock after purchasing an additional 44 shares during the period. Apriem Advisors’ holdings in SPDR Gold Shares were worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cantor Fitzgerald Investment Advisors L.P. grew its position in SPDR Gold Shares by 7.5% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 1,612 shares of the exchange traded fund’s stock worth $392,000 after acquiring an additional 112 shares during the last quarter. Fortitude Family Office LLC bought a new stake in SPDR Gold Shares in the 3rd quarter worth $52,000. Valmark Advisers Inc. grew its holdings in SPDR Gold Shares by 5.1% in the 3rd quarter. Valmark Advisers Inc. now owns 6,799 shares of the exchange traded fund’s stock worth $1,653,000 after acquiring an additional 332 shares during the last quarter. Vanguard Capital Wealth Advisors increased its position in shares of SPDR Gold Shares by 42.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 4,174 shares of the exchange traded fund’s stock valued at $1,015,000 after acquiring an additional 1,241 shares during the period. Finally, Highview Capital Management LLC DE raised its stake in shares of SPDR Gold Shares by 5.3% during the third quarter. Highview Capital Management LLC DE now owns 40,639 shares of the exchange traded fund’s stock valued at $9,878,000 after acquiring an additional 2,055 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $269.03 on Thursday. SPDR Gold Shares has a 1 year low of $187.88 and a 1 year high of $272.32. The stock has a market capitalization of $80.87 billion, a PE ratio of -28.59 and a beta of 0.20. The business’s 50-day moving average is $254.64 and its 200 day moving average is $246.31.

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).