Ausdal Financial Partners Inc. Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Ausdal Financial Partners Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,225 shares of the exchange traded fund’s stock after purchasing an additional 1,579 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in SPDR Gold Shares were worth $4,655,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Proficio Capital Partners LLC increased its stake in shares of 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 worth $14,710,294,000 after buying an additional 60,504,152 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $450,109,000. Wealthfront Advisers LLC raised its holdings 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 purchasing an additional 1,045,499 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of SPDR Gold Shares by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after purchasing an additional 32,712 shares in the last quarter. Finally, Stifel Financial Corp lifted its position 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 purchasing an additional 100,149 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $278.47 on Wednesday. The business has a 50-day moving average of $265.73 and a two-hundred day moving average of $252.00. The company 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 has a 1 year low of $201.07 and a 1 year high of $281.48.

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).