SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 947,353 shares of the exchange traded fund’s stock after selling 60,357 shares during the period. Commonwealth Equity Services LLC owned about 0.31% of SPDR Gold Shares worth $230,264,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its holdings in SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after buying an additional 1,079,452 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after acquiring an additional 28,683 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of SPDR Gold Shares by 6.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after acquiring an additional 54,974 shares in the last quarter. Arizona PSPRS Trust bought a new position in SPDR Gold Shares during the second quarter worth $157,187,000. Finally, Cetera Investment Advisers boosted its holdings in SPDR Gold Shares by 461.0% in the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock worth $144,501,000 after purchasing an additional 577,210 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.1 %

GLD stock traded up $2.64 during trading on Friday, hitting $251.27. 7,833,614 shares of the company’s stock traded hands, compared to its average volume of 6,982,717. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $251.37. The stock has a fifty day moving average price of $237.71 and a two-hundred day moving average price of $224.94.

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).