Rathbones Group PLC Has $46.92 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Rathbones Group PLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 218,242 shares of the exchange traded fund’s stock after selling 7,455 shares during the period. Rathbones Group PLC’s holdings in SPDR Gold Shares were worth $46,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in SPDR Gold Shares by 23.6% during 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 in the last quarter. Scarborough Advisors LLC increased its position in shares of SPDR Gold Shares by 10,133.3% during the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Gold Shares by 2.6% during 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 purchasing an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in 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 valued at $216,668,000 after buying an additional 70,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake 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 worth $184,474,000 after buying an additional 54,974 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.0 %

NYSEARCA:GLD opened at $238.68 on Friday. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $238.98. The firm has a 50 day moving average of $227.10 and a 200-day moving average of $217.41.

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).