Symmetry Partners LLC Raises Stake in SPDR Gold Shares (NYSEARCA:GLD)

Symmetry Partners LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 36.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,734 shares of the exchange traded fund’s stock after buying an additional 464 shares during the quarter. Symmetry Partners LLC’s holdings in SPDR Gold Shares were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Proficio Capital Partners LLC lifted its holdings 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth $401,829,000. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Gold Shares by 10.9% in 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 in the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of SPDR Gold Shares by 1,374.2% in 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 in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3%

SPDR Gold Shares stock opened at $311.08 on Tuesday. The company has a market cap of $101.72 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The firm’s fifty day moving average is $306.23 and its 200 day moving average is $277.92. 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).