Arete Wealth Advisors LLC Sells 1,544 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Arete Wealth Advisors LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the fourth quarter, HoldingsChannel reports. The fund owned 63,612 shares of the exchange traded fund’s stock after selling 1,544 shares during the period. SPDR Gold Shares accounts for 1.1% of Arete Wealth Advisors LLC’s holdings, making the stock its 16th largest position. Arete Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $15,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GLD. Proficio Capital Partners LLC lifted its holdings in 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 worth $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $450,109,000. Wealthfront Advisers LLC raised its position in shares of SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after acquiring an additional 1,045,499 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of SPDR Gold Shares by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after acquiring an additional 32,712 shares during the period. Finally, Stifel Financial Corp boosted its holdings in SPDR Gold Shares by 13.9% in the third 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 last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.2 %

Shares of NYSEARCA:GLD opened at $288.16 on Thursday. SPDR Gold Shares has a 1-year low of $210.30 and a 1-year high of $291.22. The stock has a market capitalization of $86.62 billion, a P/E ratio of -30.67 and a beta of 0.17. The business has a 50-day moving average price of $269.78 and a two-hundred day moving average price of $253.99.

About SPDR Gold Shares

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).