Wise Wealth Partners Makes New $2.77 Million Investment in SPDR Gold Shares (NYSEARCA:GLD)

Wise Wealth Partners acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,457 shares of the exchange traded fund’s stock, valued at approximately $2,774,000. SPDR Gold Shares makes up approximately 6.8% of Wise Wealth Partners’ investment portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Proficio Capital Partners LLC increased its stake in shares of 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 during the period. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $450,109,000. Wealthfront Advisers LLC raised its stake 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 acquiring an additional 1,045,499 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings 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 worth $237,303,000 after purchasing an additional 32,712 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of SPDR Gold Shares by 0.9% in the fourth quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock worth $200,957,000 after purchasing an additional 7,424 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $306.06 on Wednesday. The firm has a market capitalization of $92.00 billion, a price-to-earnings ratio of -32.58 and a beta of 0.17. SPDR Gold Shares has a one year low of $210.71 and a one year high of $317.63. The business has a 50 day simple moving average of $283.82 and a two-hundred day simple moving average of $261.70.

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).