Orion Portfolio Solutions LLC Purchases 2,373 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Orion Portfolio Solutions LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 24.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,915 shares of the exchange traded fund’s stock after acquiring an additional 2,373 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in SPDR Gold Shares were worth $2,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GLD. Proficio Capital Partners LLC grew its stake 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 worth $14,710,294,000 after acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in SPDR Gold Shares during the 4th quarter worth approximately $450,109,000. Wealthfront Advisers LLC increased its stake in SPDR Gold Shares by 1,374.2% during 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. Commonwealth Equity Services LLC raised its holdings in shares of SPDR Gold Shares by 3.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after buying an additional 32,712 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after buying an additional 100,149 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $288.14 on Tuesday. The firm has a market capitalization of $86.61 billion, a PE ratio of -29.30 and a beta of 0.20. The company’s fifty day moving average price is $268.42 and its 200-day moving average price is $253.41. SPDR Gold Shares has a 1-year low of $206.29 and a 1-year high of $289.13.

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).