RDA Financial Network Has $1.23 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

RDA Financial Network increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,064 shares of the exchange traded fund’s stock after purchasing an additional 88 shares during the quarter. RDA Financial Network’s holdings in SPDR Gold Shares were worth $1,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of SPDR Gold Shares by 23.6% during the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after buying an additional 1,079,452 shares during the period. Envestnet Asset Management Inc. grew 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 buying an additional 28,683 shares during the period. Commonwealth Equity Services LLC grew 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 buying an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. grew 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 buying an additional 54,974 shares during the period. Finally, Arizona PSPRS Trust acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $157,187,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock traded up $0.83 during trading on Tuesday, hitting $245.90. 4,768,702 shares of the company were exchanged, compared to its average volume of 6,988,382. SPDR Gold Shares has a 1-year low of $177.54 and a 1-year high of $247.37. The firm’s fifty day moving average price is $235.65 and its 200 day moving average price is $224.02.

SPDR Gold Shares 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).