The recent shift in the gold market has led to a surge in institutional investors’ interest in SPDR Gold Shares, with Zacks Investment Management being one of the most notable beneficiaries of this trend. The firm raised its position in shares of SPDR Gold Shares by 180.5% in the fourth quarter, according to the company’s most recent filing with the Securities & Exchange Commission. This significant increase in holdings reflects the growing confidence among institutional investors in the long-term prospects of gold. Zacks Investment Management now owns 20,553 shares of the exchange-traded fund’s stock, valued at $4,977,000, making it the largest holder among the firm’s current holdings. Zacks Investment Management’s decision to increase its position in SPDR Gold Shares is not without precedent. The firm has a history of investing in gold-backed assets, with a focus on long-term appreciation. Another notable hedge fund, Proficio Capital Partners LLC, also made significant changes to its position in the company during the fourth quarter. The firm lifted its holdings in SPDR Gold Shares by an astonishing 24,245.2%, resulting in a total of 60,753,703 shares of the exchange-traded fund’s stock. Proficio Capital Partners LLC’s significant increase in holdings is a testament to its growing confidence in the gold market. The firm’s decision to invest heavily in SPDR Gold Shares reflects its long-term investment strategy, which prioritizes gold-backed assets. A number of other hedge funds have also made changes to their positions in SPDR Gold Shares, including Wealthfront Advisers LLC, Commonwealth Equity Services LLC, and US Bancorp DE. While the magnitude of their increases in holdings may not be as significant as those of Zacks Investment Management and Proficio Capital Partners LLC, they still reflect a growing interest in the gold market among institutional investors. According to the most recent filing with the Securities & Exchange Commission, 42.19% of the stock is currently owned by hedge funds and other institutional investors. This significant presence of institutional investors in the gold market is a testament to the growing importance of gold as a store of value and a hedge against inflation. SPDR Gold Shares has a market capitalization of $92.2 billion, a price-to-earnings ratio of -30.67, and a beta of 0.17. The firm has a 50-day simple moving average of $277.54 and a two-hundred day simple moving average of $258.05. Despite the significant interest from institutional investors, SPDR Gold Shares has been volatile in recent times. The stock has experienced a one-year low of $210.71 and a one-year high of $308.06. However, the firm’s long-term prospects remain intact, and its ability to maintain a stable price has been a subject of interest among investors. In conclusion, the recent shift in the gold market has led to a surge in institutional investors’ interest in SPDR Gold Shares. With Zacks Investment Management and Proficio Capital Partners LLC leading the charge, a number of other hedge funds have also made significant changes to their positions in the company. As investors continue to navigate the complexities of the gold market, it is clear that SPDR Gold Shares will remain an important player in the sector. With its long-term prospects intact and a growing presence among institutional investors, the firm is well-positioned to continue its success in the years to come. The following table provides an overview of the changes in holdings among the mentioned hedge funds:
| Hedge Fund | Increase in Holdings | Number of Shares | Value |
| — | — | — | — |
| Zacks Investment Management | 180.5% | 20,553 | $4,977,000 |
| Proficio Capital Partners LLC | 24,245.2% | 60,753,703 | $14,710,294,000 |
| Wealthfront Advisers LLC | 1,374.2% | 1,121,579 | $271,568,000 |
| Commonwealth Equity Services LLC | 3.5% | 980,065 | $237,303,000 |
| US Bancorp DE | 0.5% | 695,118 | $168,309,000 |
As of the last update, the following investors own significant stakes in SPDR Gold Shares:

Institutional investors own 42.19% of SPDR Gold Shares, indicating a strong interest in the gold market among these investors.

Key Points:
• Increased Interest in Gold Backed Assets
• Long Term Prospects
• Volatility in the Market
• Key Players in the Gold Market
• Market Cap and Price-to-Earnings Ratio
Gold has long been considered a safe-haven asset and a store of value.