Keel Point LLC Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Keel Point LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,957 shares of the exchange traded fund’s stock after buying an additional 4,022 shares during the quarter. SPDR Gold Shares makes up approximately 1.5% of Keel Point LLC’s investment portfolio, making the stock its 12th largest position. Keel Point LLC’s holdings in SPDR Gold Shares were worth $11,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Toronto Dominion Bank raised its position in shares of 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 valued at $978,543,000 after buying an additional 2,333,468 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of SPDR Gold Shares by 67,584.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock valued at $515,198,000 after buying an additional 3,032,521 shares in the last quarter. LPL Financial LLC raised its holdings in shares of SPDR Gold Shares by 11.1% in the 1st quarter. LPL Financial LLC now owns 2,827,609 shares of the exchange traded fund’s stock valued at $518,074,000 after buying an additional 281,400 shares during the period. Ameriprise Financial Inc. lifted its stake in SPDR Gold Shares by 4.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,385,309 shares of the exchange traded fund’s stock worth $252,978,000 after acquiring an additional 60,847 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 valued at $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 Performance

NYSEARCA GLD traded up $0.09 during trading on Tuesday, hitting $179.48. The stock had a trading volume of 1,649,899 shares, compared to its average volume of 6,912,634. The firm has a 50 day moving average price of $179.30 and a 200 day moving average price of $181.13. SPDR Gold Shares has a twelve month low of $150.57 and a twelve month high of $191.36.

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).