SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Spinnaker Trust

Spinnaker Trust grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,932 shares of the exchange traded fund’s stock after purchasing an additional 43 shares during the quarter. Spinnaker Trust’s holdings in SPDR Gold Shares were worth $956,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of SPDR Gold Shares by 23.6% during the 1st 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. International Assets Investment Management LLC lifted 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 worth $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in SPDR Gold Shares by 2.6% in the second 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. Commonwealth Equity Services LLC lifted its holdings in shares of SPDR Gold Shares by 7.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after purchasing an additional 70,290 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in SPDR Gold Shares by 6.8% in 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 last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded down $6.30 on Wednesday, reaching $247.10. The company’s stock had a trading volume of 7,400,722 shares, compared to its average volume of 6,963,536. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71. The stock’s 50-day moving average is $243.23 and its two-hundred day moving average is $228.11.

SPDR Gold Shares Company Profile

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).