Beacon Capital Management LLC Purchases 370 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Beacon Capital Management LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 47.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,154 shares of the exchange traded fund’s stock after buying an additional 370 shares during the quarter. Beacon Capital Management LLC’s holdings in SPDR Gold Shares were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Proficio Capital Partners LLC grew its holdings 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 purchasing an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $401,829,000. Ameriprise Financial Inc. lifted its stake in shares of SPDR Gold Shares by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after acquiring an additional 136,120 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted 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 valued at $271,568,000 after acquiring an additional 1,045,499 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $311.94 on Wednesday. The stock’s 50 day simple moving average is $304.84 and its 200 day simple moving average is $275.83. The firm has a market cap of $102.00 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1 year low of $212.12 and a 1 year high of $317.63.

About SPDR Gold Shares

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).