Congress Wealth Management LLC DE Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Congress Wealth Management LLC DE lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,441 shares of the exchange traded fund’s stock after purchasing an additional 1,181 shares during the quarter. Congress Wealth Management LLC DE’s holdings in SPDR Gold Shares were worth $5,192,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in 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 last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $450,109,000. Wealthfront Advisers LLC boosted its holdings in SPDR Gold Shares by 1,374.2% during 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 acquiring an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC grew its position in 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 last quarter. Finally, Diversify Advisory Services LLC increased its stake in SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after purchasing an additional 195,520 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $278.47 on Wednesday. SPDR Gold Shares has a 52-week low of $201.07 and a 52-week high of $281.48. The company’s 50 day moving average price is $265.73 and its 200-day moving average price is $252.00. The stock has a market capitalization of $83.71 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.

SPDR Gold Shares Company 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).