Proactive Wealth Strategies LLC Purchases Shares of 11,951 SPDR Gold Shares (NYSEARCA:GLD)

Proactive Wealth Strategies LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,951 shares of the exchange traded fund’s stock, valued at approximately $2,905,000. SPDR Gold Shares comprises approximately 1.6% of Proactive Wealth Strategies LLC’s holdings, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Toronto Dominion Bank boosted its stake 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 worth $1,162,217,000 after acquiring an additional 1,079,452 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of 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 period. Envestnet Asset Management Inc. boosted its position in shares of 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 boosted its position in shares of 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 purchasing an additional 70,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of 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 purchasing an additional 54,974 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $242.14 on Tuesday. The company’s 50-day moving average is $244.40 and its 200-day moving average is $228.99. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $257.71.

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).