Total Wealth Planning & Management Inc. Purchases 272 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Total Wealth Planning & Management Inc. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,258 shares of the exchange traded fund’s stock after buying an additional 272 shares during the quarter. SPDR Gold Shares accounts for about 0.9% of Total Wealth Planning & Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Total Wealth Planning & Management Inc.’s holdings in SPDR Gold Shares were worth $939,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in 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 purchasing an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth $450,109,000. Leigh Baldwin & CO. LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth $401,829,000. Ameriprise Financial Inc. grew its position in shares of SPDR Gold Shares by 10.9% during the 4th 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 increased 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 buying an additional 1,045,499 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $306.78 on Friday. The company has a 50 day moving average price of $306.41 and a 200-day moving average price of $278.74. SPDR Gold Shares has a fifty-two week low of $214.45 and a fifty-two week high of $317.63. The stock has a market capitalization of $102.28 billion, a PE ratio of -32.43 and a beta of 0.15.

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).