KCM Investment Advisors LLC Acquires 262 Shares of SPDR Gold Shares (NYSEARCA:GLD)

KCM Investment Advisors LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.3% in the fourth quarter, Holdings Channel reports. The fund owned 2,583 shares of the exchange traded fund’s stock after purchasing an additional 262 shares during the quarter. KCM Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC lifted its stake 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 last quarter. Raymond James Financial Inc. purchased a new position in SPDR Gold Shares during the fourth quarter worth $450,109,000. Wealthfront Advisers LLC boosted its stake in SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after buying an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC increased its position in SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares during the last quarter. Finally, Starr Indemnity & Liability Co bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $79,222,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 2.3 %

Shares of NYSEARCA:GLD opened at $279.72 on Friday. SPDR Gold Shares has a 12 month low of $210.71 and a 12 month high of $289.13. The company has a market capitalization of $84.08 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. The firm’s 50-day moving average is $270.91 and its 200 day moving average is $254.62.

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).