O Shaughnessy Asset Management LLC Acquires 703 Shares of SPDR Gold Shares (NYSEARCA:GLD)

O Shaughnessy Asset Management LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,704 shares of the exchange traded fund’s stock after buying an additional 703 shares during the period. O Shaughnessy Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC raised its holdings in SPDR Gold Shares by 24,245.2% in the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in SPDR Gold Shares in the fourth quarter worth about $450,109,000. Wealthfront Advisers LLC boosted its position 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 in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of SPDR Gold Shares by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after acquiring an additional 32,712 shares during the period. Finally, State Street Corp lifted its stake in shares of SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 2.3 %

NYSEARCA GLD opened at $279.72 on Friday. The stock’s 50 day moving average is $270.91 and its 200 day moving average is $254.62. The firm has a market capitalization of $84.08 billion, a PE ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a twelve month low of $210.71 and a twelve month high of $289.13.

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).