Whittier Trust Co. of Nevada Inc. Buys 80 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,445 shares of the exchange traded fund’s stock after acquiring an additional 80 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in SPDR Gold Shares were worth $3,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased 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 worth $14,710,294,000 after purchasing an additional 60,504,152 shares during the period. Raymond James Financial Inc. bought a new position in SPDR Gold Shares in the 4th quarter valued at about $450,109,000. Wealthfront Advisers LLC raised its position in shares of 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 valued at $271,568,000 after buying an additional 1,045,499 shares in the last quarter. Strategic Financial Concepts LLC lifted 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 acquiring an additional 606,411 shares during the period. Finally, Diversify Advisory Services LLC boosted its position in shares of SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after acquiring an additional 195,520 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $278.49 on Friday. The firm has a 50 day simple moving average of $264.47 and a two-hundred day simple moving average of $251.06. SPDR Gold Shares has a one year low of $199.72 and a one year high of $281.48. The company has a market cap of $83.71 billion, a P/E ratio of -29.30 and a beta of 0.20.

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).