Sweeney & Michel LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Sweeney & Michel LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.9% during the third quarter, HoldingsChannel reports. The fund owned 3,604 shares of the exchange traded fund’s stock after acquiring an additional 100 shares during the quarter. Sweeney & Michel LLC’s holdings in SPDR Gold Shares were worth $906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of SPDR Gold Shares by 23.6% in 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 purchasing an additional 1,079,452 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR Gold Shares by 2.6% in 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 in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of SPDR Gold Shares by 7.5% in 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 in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in 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 acquiring an additional 54,974 shares during the period. Finally, Arizona PSPRS Trust acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $157,187,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD traded up $1.63 on Tuesday, reaching $252.85. 1,254,888 shares of the stock were exchanged, compared to its average volume of 6,963,518. The company’s 50-day moving average price is $238.17 and its 200 day moving average price is $225.40. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $253.30.

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).