Kentucky Trust Co Acquires 70 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Kentucky Trust Co grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 22.2% during the first quarter, Holdings Channel.com reports. The firm owned 385 shares of the exchange traded fund’s stock after acquiring an additional 70 shares during the period. Kentucky Trust Co’s holdings in SPDR Gold Shares were worth $111,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. 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. Leigh Baldwin & CO. LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth $401,829,000. Wealthfront Advisers LLC lifted 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 period. Finally, Mizuho Bank Ltd. acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at $145,278,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.5%

SPDR Gold Shares stock opened at $310.26 on Friday. The business’s 50-day simple moving average is $305.69 and its 200 day simple moving average is $276.52. 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 12-month low of $212.12 and a 12-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).