Broadway Wealth Solutions Inc. Buys New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Broadway Wealth Solutions Inc. purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,083 shares of the exchange traded fund’s stock, valued at approximately $262,000.

Several other hedge funds have also bought and sold shares of GLD. Proficio Capital Partners LLC grew its position 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 acquiring an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $450,109,000. Wealthfront Advisers LLC boosted its holdings 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 purchasing an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC increased its position in shares of SPDR Gold Shares by 24,600.9% during 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 purchasing an additional 606,411 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in SPDR Gold Shares by 446.0% during the 4th 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. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

NYSEARCA GLD opened at $281.97 on Friday. SPDR Gold Shares has a 52 week low of $203.87 and a 52 week high of $284.19. The company has a fifty day moving average of $266.95 and a two-hundred day moving average of $252.39. The firm has a market capitalization of $84.76 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.

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).