SPDR Gold Shares (NYSEARCA:GLD) Position Increased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 143.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,915 shares of the exchange traded fund’s stock after purchasing an additional 45,913 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in SPDR Gold Shares were worth $18,866,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GLD. Proficio Capital Partners LLC raised its holdings in shares of SPDR Gold Shares by 24,245.2% during the 4th 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. bought a new position in SPDR Gold Shares during the fourth quarter valued at about $450,109,000. Wealthfront Advisers LLC raised 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 buying an additional 1,045,499 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of SPDR Gold Shares by 3.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after buying an additional 32,712 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after acquiring an additional 100,149 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $279.96 on Wednesday. The stock’s 50 day simple moving average is $262.46 and its 200 day simple moving average is $250.30. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $280.22. The company has a market capitalization of $84.16 billion, a price-to-earnings 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).