Promus Capital LLC Makes New $1.19 Million Investment in SPDR Gold Shares (NYSEARCA:GLD)

Promus Capital LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,900 shares of the exchange traded fund’s stock, valued at approximately $1,186,000. SPDR Gold Shares accounts for about 1.1% of Promus Capital LLC’s investment portfolio, making the stock its 16th largest position.

A number of other large investors also recently bought and sold shares of GLD. Proficio Capital Partners LLC increased its position in shares of 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. Stifel Financial Corp increased its position in shares of SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after acquiring an additional 100,149 shares in the last quarter. State Street Corp increased its position in shares of SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after acquiring an additional 47,507 shares in the last quarter. US Bancorp DE increased its position in shares of SPDR Gold Shares by 0.5% in the fourth quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock worth $168,309,000 after acquiring an additional 3,470 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after acquiring an additional 30,952 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2 %

SPDR Gold Shares stock opened at $269.62 on Thursday. SPDR Gold Shares has a 52-week low of $197.44 and a 52-week high of $272.32. The firm has a fifty day moving average of $257.20 and a 200-day moving average of $247.65. The firm has a market capitalization of $81.05 billion, a P/E ratio of -28.59 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).