Lazard Asset Management LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Lazard Asset Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,875 shares of the exchange traded fund’s stock after purchasing an additional 1,214 shares during the period. Lazard Asset Management LLC’s holdings in SPDR Gold Shares were worth $22,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GLD. Proficio Capital Partners LLC lifted its holdings in 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 valued at $14,710,294,000 after acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $450,109,000. Leigh Baldwin & CO. LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $401,829,000. Wealthfront Advisers LLC lifted 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 purchasing an additional 1,045,499 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake 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 worth $147,427,000 after purchasing an additional 606,411 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.4%

NYSEARCA:GLD opened at $299.46 on Wednesday. The stock’s fifty day moving average is $291.00 and its two-hundred day moving average is $265.46. SPDR Gold Shares has a 52 week low of $211.54 and a 52 week high of $317.63. The stock has a market capitalization of $90.02 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12.

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).