HWG Holdings LP Buys New Stake in SPDR Gold Shares (NYSEARCA:GLD)

HWG Holdings LP bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 183 shares of the exchange traded fund’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC boosted 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 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 SPDR Gold Shares during the fourth quarter worth $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in SPDR Gold Shares during the fourth quarter worth $401,829,000. Ameriprise Financial Inc. boosted its stake in SPDR Gold Shares by 10.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after buying an additional 136,120 shares during the period. Finally, Wealthfront Advisers LLC boosted 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 worth $271,568,000 after buying an additional 1,045,499 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.0%

NYSEARCA GLD opened at $310.13 on Monday. The company has a fifty day moving average of $305.94 and a two-hundred day moving average of $277.45. The firm has a market capitalization of $101.41 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63.

SPDR Gold Shares Company 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).