Argentarii LLC Purchases Shares of 5,000 SPDR Gold Shares (NYSEARCA:GLD)

Argentarii LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel reports. The firm acquired 5,000 shares of the exchange traded fund’s stock, valued at approximately $1,211,000.

Several other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC raised its holdings in shares of SPDR Gold Shares by 24,245.2% during the fourth 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 during the fourth quarter valued at about $450,109,000. Stifel Financial Corp raised its holdings in shares of SPDR Gold Shares by 13.9% in the 3rd 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 during the last quarter. State Street Corp raised its holdings in shares of SPDR Gold Shares by 6.6% in the 3rd 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 during the last quarter. Finally, US Bancorp DE raised its holdings in shares of SPDR Gold Shares by 0.5% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $268.39 on Friday. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $272.32. The firm has a market capitalization of $80.68 billion, a PE ratio of -28.59 and a beta of 0.20. The company’s 50-day moving average is $258.24 and its 200 day moving average is $248.16.

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).