TrinityPoint Wealth LLC Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

TrinityPoint Wealth LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.3% during the fourth quarter, HoldingsChannel reports. The firm owned 6,670 shares of the exchange traded fund’s stock after purchasing an additional 732 shares during the period. TrinityPoint Wealth LLC’s holdings in SPDR Gold Shares were worth $1,615,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position 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 purchasing an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $450,109,000. Leigh Baldwin & CO. LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $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 raised its position in 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 period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $294.24 on Friday. The company has a fifty day moving average of $292.63 and a two-hundred day moving average of $266.28. The stock has a market capitalization of $88.45 billion, a PE ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a fifty-two week low of $211.54 and a fifty-two week 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).