Snowden Capital Advisors LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Snowden Capital Advisors LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,943 shares of the exchange traded fund’s stock after acquiring an additional 2,214 shares during the quarter. Snowden Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $11,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in 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 in the last quarter. Raymond James Financial Inc. purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $401,829,000. Ameriprise Financial Inc. lifted its holdings in SPDR Gold Shares by 10.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after purchasing an additional 136,120 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings 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 valued at $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $297.84 on Friday. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63. The company has a market capitalization of $89.53 billion, a P/E ratio of -32.43 and a beta of 0.12. The firm’s 50 day simple moving average is $292.13 and its two-hundred day simple moving average is $265.95.

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).