827 Shares in SPDR Gold Shares (NYSEARCA:GLD) Acquired by Bay Capital Advisors LLC

Bay Capital Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 827 shares of the exchange traded fund’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also made changes to their positions in 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 valued at $14,710,294,000 after acquiring an additional 60,504,152 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $450,109,000. Wealthfront Advisers LLC raised its stake in shares of 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 purchasing an additional 1,045,499 shares in the last quarter. Strategic Financial Concepts LLC grew its position 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 valued at $147,427,000 after acquiring an additional 606,411 shares during the period. Finally, Diversify Advisory Services LLC raised its stake in SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $277.25 on Tuesday. The firm has a 50-day moving average of $265.10 and a 200-day moving average of $251.67. The stock has a market cap of $83.34 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 52-week low of $200.97 and a 52-week high of $281.48.

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).