Axxcess Wealth Management LLC Acquires 2,596 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Axxcess Wealth Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,778 shares of the exchange traded fund’s stock after buying an additional 2,596 shares during the period. Axxcess Wealth Management LLC’s holdings in SPDR Gold Shares were worth $9,198,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Scarborough Advisors LLC grew its position in shares of SPDR Gold Shares by 10,133.3% in the 4th 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. Toronto Dominion Bank boosted its holdings 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 acquiring an additional 1,079,452 shares in the last quarter. Arizona PSPRS Trust purchased a new position in SPDR Gold Shares during the 2nd quarter valued at $157,187,000. Global Assets Advisory LLC bought a new position in SPDR Gold Shares in the 1st quarter worth $144,269,000. Finally, GLOBALT Investments LLC GA purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $124,066,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.0 %

Shares of GLD opened at $238.66 on Tuesday. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $239.28. The firm’s 50-day moving average price is $227.51 and its 200-day moving average price is $217.96.

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).