SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,020 shares of the exchange traded fund’s stock after buying an additional 3,602 shares during the period. SPDR Gold Shares makes up approximately 9.3% of Bedell Frazier Investment Counselling LLC’s portfolio, making the stock its largest position. Bedell Frazier Investment Counselling LLC owned about 0.05% of SPDR Gold Shares worth $38,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SPDR Gold Shares by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after purchasing an additional 28,683 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of SPDR Gold Shares by 7.5% during the 2nd 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 during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of SPDR Gold Shares by 6.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after purchasing an additional 54,974 shares during the period. Finally, Arizona PSPRS Trust purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $157,187,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

NYSEARCA:GLD opened at $249.84 on Monday. The company has a 50 day moving average price of $246.03 and a 200 day moving average price of $230.74. SPDR Gold Shares has a fifty-two week low of $183.15 and a fifty-two week high of $257.71.

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).