D. Scott Neal Inc. Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

D. Scott Neal Inc. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the 1st quarter, Holdings Channel reports. The firm owned 101,864 shares of the exchange traded fund’s stock after selling 1,088 shares during the period. SPDR Gold Shares comprises 16.3% of D. Scott Neal Inc.’s investment portfolio, making the stock its biggest position. D. Scott Neal Inc.’s holdings in SPDR Gold Shares were worth $29,351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in SPDR Gold Shares by 24,245.2% during the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after acquiring an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new position in SPDR Gold Shares during the fourth quarter valued at $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in SPDR Gold Shares during the fourth quarter valued at $401,829,000. Wealthfront Advisers LLC grew its stake 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 valued at $271,568,000 after acquiring an additional 1,045,499 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $305.18 on Friday. The stock has a market capitalization of $99.79 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The company has a fifty day moving average of $300.63 and a 200 day moving average of $272.44. SPDR Gold Shares has a fifty-two week low of $211.54 and a fifty-two week high of $317.63.

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).