SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,855 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Paragon Capital Management Ltd’s holdings in SPDR Gold Shares were worth $331,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Toronto Dominion Bank boosted its stake in SPDR Gold Shares by 77.6% during the 1st quarter. Toronto Dominion Bank now owns 5,340,797 shares of the exchange traded fund’s stock worth $978,543,000 after purchasing an additional 2,333,468 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of SPDR Gold Shares by 67,584.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock worth $515,198,000 after buying an additional 3,032,521 shares during the period. LPL Financial LLC boosted its stake in shares of SPDR Gold Shares by 11.1% during the first quarter. LPL Financial LLC now owns 2,827,609 shares of the exchange traded fund’s stock worth $518,074,000 after buying an additional 281,400 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of SPDR Gold Shares by 4.6% during the first quarter. Ameriprise Financial Inc. now owns 1,385,309 shares of the exchange traded fund’s stock worth $252,978,000 after buying an additional 60,847 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in SPDR Gold Shares by 4.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,236,818 shares of the exchange traded fund’s stock worth $226,610,000 after acquiring an additional 49,199 shares during the period. 40.99% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.7 %

SPDR Gold Shares stock traded up $1.17 during mid-day trading on Friday, reaching $178.34. 5,620,888 shares of the company were exchanged, compared to its average volume of 6,954,410. SPDR Gold Shares has a twelve month low of $150.57 and a twelve month high of $191.36. The firm’s 50-day simple moving average is $179.30 and its two-hundred day simple moving average is $181.06.

About SPDR Gold Shares

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).