SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Paragon Capital Management Inc.

Paragon Capital Management Inc. decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 724 shares of the exchange traded fund’s stock after selling 207 shares during the period. Paragon Capital Management Inc.’s holdings in SPDR Gold Shares were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC boosted its stake 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 valued at $14,710,294,000 after purchasing an additional 60,504,152 shares during the period. Raymond James Financial Inc. purchased a new position in SPDR Gold Shares during the 4th quarter worth approximately $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth approximately $401,829,000. Ameriprise Financial Inc. lifted its stake in 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 worth $335,909,000 after acquiring an additional 136,120 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in SPDR Gold Shares by 1,374.2% during the 4th 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. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.1%

GLD stock opened at $306.78 on Friday. The company has a 50 day moving average of $306.41 and a two-hundred day moving average of $278.74. The company has a market cap of $102.28 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $214.45 and a 12-month 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).