MidAtlantic Capital Management Inc. Purchases New Stake in SPDR Gold Shares (NYSEARCA:GLD)

MidAtlantic Capital Management Inc. purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 484 shares of the exchange traded fund’s stock, valued at approximately $118,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its holdings in SPDR Gold Shares by 23.6% during 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 purchasing an additional 1,079,452 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in SPDR Gold Shares by 21,571.1% during the third 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. lifted its holdings in SPDR Gold Shares by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after purchasing an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in SPDR Gold Shares by 7.5% during the second 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. lifted its holdings in SPDR Gold Shares by 6.8% during 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 purchasing an additional 54,974 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.6 %

NYSEARCA GLD opened at $240.34 on Monday. SPDR Gold Shares has a 52 week low of $182.23 and a 52 week high of $257.71. The firm’s 50-day simple moving average is $244.95 and its two-hundred day simple moving average is $229.64.

SPDR Gold Shares Company 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).