Farther Finance Advisors LLC Sells 11,204 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Farther Finance Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 66.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,733 shares of the exchange traded fund’s stock after selling 11,204 shares during the quarter. Farther Finance Advisors LLC’s holdings in SPDR Gold Shares were worth $1,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Proficio Capital Partners LLC raised 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 acquiring an additional 60,504,152 shares during the period. Raymond James Financial Inc. purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $450,109,000. Wealthfront Advisers LLC grew its position in shares of 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. Strategic Financial Concepts LLC grew its position in shares of 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 purchasing an additional 606,411 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its position in shares of SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after purchasing an additional 195,520 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.8 %

Shares of SPDR Gold Shares stock opened at $275.13 on Friday. The firm has a market cap of $82.70 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The business has a 50-day moving average price of $260.45 and a 200-day moving average price of $249.12. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $276.01.

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).