Lewis Asset Management LLC Takes $205,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Lewis Asset Management LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 843 shares of the exchange traded fund’s stock, valued at approximately $205,000.

A number of other large investors have also added to or reduced their stakes in GLD. Toronto Dominion Bank grew its holdings in shares of 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 worth $1,162,217,000 after acquiring an additional 1,079,452 shares during the period. International Assets Investment Management LLC increased its position in shares of SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake 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 worth $242,732,000 after purchasing an additional 28,683 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of SPDR Gold Shares by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after buying an additional 70,290 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in SPDR Gold Shares by 6.8% during the second 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 buying an additional 54,974 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.6 %

Shares of SPDR Gold Shares stock opened at $249.66 on Friday. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $257.71. The company’s fifty day simple moving average is $243.51 and its 200-day simple moving average is $228.24.

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).