Steel Grove Capital Advisors LLC Buys 710 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Steel Grove Capital Advisors LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 51.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,090 shares of the exchange traded fund’s stock after purchasing an additional 710 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLD. Proficio Capital Partners LLC raised its stake 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 buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $450,109,000. Leigh Baldwin & CO. LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $401,829,000. Ameriprise Financial Inc. lifted its stake in shares of SPDR Gold Shares by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after purchasing an additional 136,120 shares during the period. Finally, Wealthfront Advisers LLC boosted 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 valued at $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.5%

Shares of GLD stock opened at $310.26 on Thursday. The business’s fifty day moving average is $305.33 and its 200 day moving average is $276.06. The stock has a market cap of $101.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a twelve month low of $212.12 and a twelve month high of $317.63.

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).