Professional Financial Advisors LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,600 shares of the exchange traded fund’s stock, valued at approximately $1,355,000. SPDR Gold Shares comprises 0.7% of Professional Financial Advisors LLC’s portfolio, making the stock its 29th largest holding.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Toronto Dominion Bank boosted its holdings in 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 acquiring an additional 2,333,468 shares during the period. Moneta Group Investment Advisors LLC grew its stake in 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 buying an additional 3,032,521 shares during the last quarter. LPL Financial LLC boosted its position 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. increased its holdings 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 valued at $252,978,000 after purchasing an additional 60,847 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake 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 purchasing an additional 49,199 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.
SPDR Gold Shares Stock Up 0.6 %
Shares of GLD opened at $179.38 on Tuesday. SPDR Gold Shares has a 12-month low of $150.57 and a 12-month high of $191.36. The firm’s 50 day moving average is $179.30 and its 200-day moving average is $181.13.
SPDR Gold Shares 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).
- Five stocks we like better than SPDR Gold Shares
- What is the S&P 500 and How It is Distinct from Other Indexes
- 2 Beauty Stocks Beaten By the Ugly Stick But Ready to Rally
- What is a Non-Fungible Token (NFT)? Definition and How it Works
- Got Nuclear? Three Stocks To Play Energy’s Next Frontier
- Investing in Travel Stocks Benefits
- The Top 4 Utilities for Value, Yield, and Upside Potential
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.