Promus Capital LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Promus Capital LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,900 shares of the exchange traded fund’s stock, valued at approximately $1,186,000. SPDR Gold Shares accounts for about 1.1% of Promus Capital LLC’s holdings, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vision Financial Markets LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $97,000. Vantage Financial Partners LLC lifted its stake in shares of SPDR Gold Shares by 2.2% during the fourth quarter. Vantage Financial Partners LLC now owns 4,122 shares of the exchange traded fund’s stock valued at $998,000 after buying an additional 89 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of SPDR Gold Shares by 38.1% during the fourth quarter. Proficio Capital Partners LLC now owns 344,610 shares of the exchange traded fund’s stock valued at $83,440,000 after buying an additional 95,059 shares during the period. Atria Investments Inc lifted its stake in shares of SPDR Gold Shares by 11.4% during the fourth quarter. Atria Investments Inc now owns 89,937 shares of the exchange traded fund’s stock valued at $21,776,000 after buying an additional 9,203 shares during the period. Finally, J.Safra Asset Management Corp lifted its stake in shares of SPDR Gold Shares by 13.6% during the fourth quarter. J.Safra Asset Management Corp now owns 35,021 shares of the exchange traded fund’s stock valued at $8,427,000 after buying an additional 4,205 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $269.62 on Thursday. The company has a market capitalization of $81.05 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The company’s 50 day simple moving average is $257.20 and its 200 day simple moving average is $247.65. SPDR Gold Shares has a 1 year low of $197.44 and a 1 year high of $272.32.

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).