Ritholtz Wealth Management Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Ritholtz Wealth Management grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.2% during the third quarter, HoldingsChannel reports. The firm owned 6,045 shares of the exchange traded fund’s stock after acquiring an additional 611 shares during the period. Ritholtz Wealth Management’s holdings in SPDR Gold Shares were worth $1,469,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Toronto Dominion Bank increased its holdings in SPDR Gold Shares by 23.6% in the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after purchasing an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust purchased a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $157,187,000. Global Assets Advisory LLC purchased a new position in SPDR Gold Shares in the 1st quarter valued at approximately $144,269,000. Cetera Investment Advisers boosted its position in SPDR Gold Shares by 461.0% in the 1st quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after buying an additional 577,210 shares during the period. Finally, Strategic Financial Concepts LLC boosted its position in SPDR Gold Shares by 9,654.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after buying an additional 544,807 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $245.47 on Monday. SPDR Gold Shares has a 52 week low of $173.24 and a 52 week high of $247.37. The firm has a 50 day moving average of $235.20 and a two-hundred day moving average of $223.75.

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).