Ameriprise Financial Inc. Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Ameriprise Financial Inc. boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,387,693 shares of the exchange traded fund’s stock after acquiring an additional 136,120 shares during the period. Ameriprise Financial Inc.’s holdings in SPDR Gold Shares were worth $335,909,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GLD. Clarus Group Inc. grew its holdings in shares of SPDR Gold Shares by 2.2% during the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after buying an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC boosted its position in SPDR Gold Shares by 3.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after acquiring an additional 40 shares during the last quarter. Wealth Advisors of Iowa LLC grew its stake in SPDR Gold Shares by 3.9% during the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 40 shares in the last quarter. Magnus Financial Group LLC raised its holdings in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its stake in SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $306.88 on Tuesday. SPDR Gold Shares has a 1 year low of $211.54 and a 1 year high of $317.63. The firm has a market capitalization of $92.25 billion, a PE ratio of -32.58 and a beta of 0.17. The business has a 50 day simple moving average of $286.33 and a 200-day simple moving average of $263.30.

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).