Raymond James Trust N.A. Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Raymond James Trust N.A. grew its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 10.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,121 shares of the exchange traded fund’s stock after acquiring an additional 1,281 shares during the quarter. Raymond James Trust N.A.’s holdings in SPDR Gold Shares were worth $2,700,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GLD. Syon Capital LLC purchased a new position in SPDR Gold Shares in the third quarter worth approximately $6,972,000. Doliver Advisors LP grew its position in SPDR Gold Shares by 17.3% in the third quarter. Doliver Advisors LP now owns 3,378 shares of the exchange traded fund’s stock worth $579,000 after acquiring an additional 498 shares during the period. Source Financial Advisors LLC grew its position in SPDR Gold Shares by 111.1% in the third quarter. Source Financial Advisors LLC now owns 10,663 shares of the exchange traded fund’s stock worth $1,828,000 after acquiring an additional 5,612 shares during the period. Optimum Investment Advisors grew its position in SPDR Gold Shares by 0.6% in the third quarter. Optimum Investment Advisors now owns 11,120 shares of the exchange traded fund’s stock worth $1,907,000 after acquiring an additional 70 shares during the period. Finally, Chicago Capital LLC grew its position in SPDR Gold Shares by 9.5% in the third quarter. Chicago Capital LLC now owns 1,596 shares of the exchange traded fund’s stock worth $274,000 after acquiring an additional 138 shares during the period. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.2 %

Shares of SPDR Gold Shares stock opened at $202.18 on Thursday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $203.30. The stock has a 50 day moving average of $190.96 and a 200 day moving average of $185.53.

About SPDR Gold Shares

(Free Report)

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).

Further Reading

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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