Captrust Financial Advisors decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,805 shares of the exchange traded fund’s stock after selling 11,454 shares during the quarter. Captrust Financial Advisors owned 0.08% of SPDR Gold Shares worth $60,475,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in 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 acquiring an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. raised its stake in 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 acquiring an additional 28,683 shares during the period. Commonwealth Equity Services LLC raised its stake in 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 acquiring an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake 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 bought a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $157,187,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
NYSEARCA GLD opened at $243.49 on Friday. SPDR Gold Shares has a 12 month low of $183.15 and a 12 month high of $257.71. The company’s 50 day moving average is $246.46 and its two-hundred day moving average is $231.27.
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).
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