SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by CRA Financial Services LLC

CRA Financial Services LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.4% during the second quarter, HoldingsChannel.com reports. The firm owned 3,892 shares of the exchange traded fund’s stock after selling 57 shares during the period. CRA Financial Services LLC’s holdings in SPDR Gold Shares were worth $694,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. Moneta Group Investment Advisors LLC grew its stake in shares of SPDR Gold Shares by 67,584.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock worth $515,198,000 after purchasing an additional 3,032,521 shares during the period. Toronto Dominion Bank boosted its position in shares of SPDR Gold Shares by 77.6% in the 1st quarter. Toronto Dominion Bank now owns 5,340,797 shares of the exchange traded fund’s stock worth $978,543,000 after buying an additional 2,333,468 shares in the last quarter. State Street Corp boosted its position in shares of SPDR Gold Shares by 256.0% in the 1st quarter. State Street Corp now owns 1,142,717 shares of the exchange traded fund’s stock worth $206,432,000 after buying an additional 821,773 shares in the last quarter. Fullerton Fund Management Co Ltd. boosted its position in shares of SPDR Gold Shares by 4,847.1% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 622,043 shares of the exchange traded fund’s stock worth $105,523,000 after buying an additional 609,469 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $100,880,000. 40.99% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock traded up $1.17 on Friday, hitting $178.34. The company’s stock had a trading volume of 5,620,888 shares, compared to its average volume of 6,954,410. SPDR Gold Shares has a 52-week low of $150.57 and a 52-week high of $191.36. The firm has a fifty day moving average price of $179.30 and a 200-day moving average price of $181.06.

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).