SPDR Gold Shares (NYSEARCA:GLD) Position Increased by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 15.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 753 shares of the exchange traded fund’s stock after buying an additional 101 shares during the quarter. Salem Investment Counselors Inc.’s holdings in SPDR Gold Shares were worth $217,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GLD. Proficio Capital Partners LLC boosted its position in shares of SPDR Gold Shares by 24,245.2% in 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 period. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth about $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $401,829,000. Ameriprise Financial Inc. raised its holdings in shares of SPDR Gold Shares by 10.9% during the fourth 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 period. Finally, Wealthfront Advisers LLC lifted its position 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 in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $316.29 on Friday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The firm has a market capitalization of $103.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The company has a 50 day moving average price of $303.57 and a 200 day moving average price of $274.89.

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).