Amara Financial LLC. Invests $841,000 in SPDR Gold Shares (NYSEARCA:GLD)

Amara Financial LLC. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,462 shares of the exchange traded fund’s stock, valued at approximately $841,000. SPDR Gold Shares comprises 0.8% of Amara Financial LLC.’s portfolio, making the stock its 19th biggest position.

Several other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in 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 buying an additional 3,010,682 shares in the last quarter. 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 valued at $1,162,217,000 after acquiring an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust purchased a new position in shares of SPDR Gold Shares in the second quarter valued at $157,187,000. Cetera Investment Advisers increased its position 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 last quarter. Finally, Strategic Financial Concepts LLC raised its stake in SPDR Gold Shares by 9,654.6% during the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after purchasing an additional 544,807 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.9 %

GLD stock opened at $241.09 on Tuesday. The company has a fifty day simple moving average of $245.14 and a two-hundred day simple moving average of $229.84. SPDR Gold Shares has a 52 week low of $182.23 and a 52 week high of $257.71.

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).