Evoke Wealth LLC Acquires 2,293 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Evoke Wealth LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,537 shares of the exchange traded fund’s stock after purchasing an additional 2,293 shares during the quarter. Evoke Wealth LLC’s holdings in SPDR Gold Shares were worth $13,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Proficio Capital Partners LLC boosted its position in shares of 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 period. Raymond James Financial Inc. bought a new stake in SPDR Gold Shares in the 4th quarter valued at $450,109,000. Wealthfront Advisers LLC grew its position in SPDR Gold Shares by 1,374.2% in the 4th 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 during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of SPDR Gold Shares by 24,600.9% during the 4th 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 during the period. Finally, Diversify Advisory Services LLC raised 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 buying an additional 195,520 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

GLD stock opened at $276.73 on Tuesday. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $279.26. The company has a market cap of $83.19 billion, a PE ratio of -29.30 and a beta of 0.20. The business’s 50-day simple moving average is $261.76 and its 200 day simple moving average is $249.96.

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).