Gladstone Institutional Advisory LLC Has $7.58 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Gladstone Institutional Advisory LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.8% in the 3rd quarter, Holdings Channel reports. The firm owned 31,199 shares of the exchange traded fund’s stock after acquiring an additional 5,374 shares during the period. Gladstone Institutional Advisory LLC’s holdings in SPDR Gold Shares were worth $7,583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its position 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 during the last quarter. International Assets Investment Management LLC grew its holdings 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 valued at $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Envestnet Asset Management Inc. increased its position 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 purchasing an additional 28,683 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in 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 valued at $216,668,000 after purchasing an additional 70,290 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in SPDR Gold Shares by 6.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after buying an additional 54,974 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.1 %

Shares of GLD traded up $0.34 during trading hours on Friday, reaching $253.85. The stock had a trading volume of 2,563,800 shares, compared to its average volume of 6,961,337. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $257.71. The company’s 50-day moving average is $242.02 and its two-hundred day moving average is $227.34.

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).