Willis Johnson & Associates Inc. Lowers Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Willis Johnson & Associates Inc. lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,852 shares of the exchange traded fund’s stock after selling 88 shares during the period. Willis Johnson & Associates Inc.’s holdings in SPDR Gold Shares were worth $448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its position 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 acquiring an additional 60,504,152 shares during the period. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $450,109,000. Leigh Baldwin & CO. LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $401,829,000. Wealthfront Advisers LLC grew its stake in shares of SPDR Gold Shares by 1,374.2% in the 4th 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 last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after buying an additional 606,411 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.3%

Shares of NYSEARCA:GLD opened at $298.03 on Tuesday. The stock has a fifty day simple moving average of $293.19 and a two-hundred day simple moving average of $266.69. SPDR Gold Shares has a 12-month low of $211.54 and a 12-month high of $317.63. The stock has a market capitalization of $89.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12.

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).