SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 60.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 156,000 shares of the exchange traded fund’s stock after acquiring an additional 58,850 shares during the quarter. Invesco Ltd.’s holdings in SPDR Gold Shares were worth $37,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in shares of 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 buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $450,109,000. Wealthfront Advisers LLC raised its position 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 during the last quarter. Strategic Financial Concepts LLC lifted its stake in 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 buying an additional 606,411 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new stake in SPDR Gold Shares in the 4th quarter worth about $145,278,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $307.47 on Thursday. The stock has a market capitalization of $92.43 billion, a P/E ratio of -30.67 and a beta of 0.17. The business has a 50 day simple moving average of $276.79 and a two-hundred day simple moving average of $257.62. SPDR Gold Shares has a 12 month low of $210.71 and a 12 month high of $308.06.

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).