SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 39,653 shares of the exchange traded fund’s stock after selling 937 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in SPDR Gold Shares were worth $9,601,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Proficio Capital Partners LLC raised 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 worth $14,710,294,000 after buying an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SPDR Gold Shares during the fourth quarter worth about $450,109,000. Wealthfront Advisers LLC boosted its holdings in 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 valued at $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings 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 buying an additional 606,411 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in shares of 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 worth $59,410,000 after purchasing 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 0.7 %

Shares of GLD opened at $284.06 on Friday. SPDR Gold Shares has a 52-week low of $206.29 and a 52-week high of $284.64. The company has a 50-day simple moving average of $267.64 and a 200-day simple moving average of $252.76. The company has a market capitalization of $85.39 billion, a PE 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).