Physician Wealth Advisors Inc. Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Physician Wealth Advisors Inc. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,858 shares of the exchange traded fund’s stock after purchasing an additional 169 shares during the period. Physician Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $450,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GLD. Proficio Capital Partners LLC grew 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 acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $450,109,000. Wealthfront Advisers LLC raised its stake in shares of SPDR Gold Shares by 1,374.2% in the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares during the period. Finally, Diversify Advisory Services LLC boosted its position in SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $284.06 on Friday. The company has a market capitalization of $85.39 billion, a P/E ratio of -29.30 and a beta of 0.20. The firm’s fifty day simple moving average is $267.64 and its 200-day simple moving average is $252.90. SPDR Gold Shares has a 12 month low of $206.29 and a 12 month high of $284.64.

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).