Aire Advisors LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,733 shares of the exchange traded fund’s stock after acquiring an additional 92 shares during the quarter. Aire Advisors LLC’s holdings in SPDR Gold Shares were worth $373,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in GLD. Toronto Dominion Bank raised its position in SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after purchasing an additional 1,079,452 shares during the period. Scarborough Advisors LLC increased its stake in shares of SPDR Gold Shares by 10,133.3% in the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after buying an additional 2,636,376 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in SPDR Gold Shares by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after purchasing an additional 70,290 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of SPDR Gold Shares by 6.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after acquiring an additional 54,974 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in SPDR Gold Shares by 2.7% during the fourth quarter. Stifel Financial Corp now owns 793,569 shares of the exchange traded fund’s stock valued at $151,707,000 after purchasing an additional 21,108 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
SPDR Gold Shares stock opened at $231.29 on Tuesday. The firm has a 50-day moving average price of $224.10 and a two-hundred day moving average price of $214.75. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $234.01.
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).
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