Ingalls & Snyder LLC Has $6.84 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Ingalls & Snyder LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,133 shares of the exchange traded fund’s stock after purchasing an additional 499 shares during the period. Ingalls & Snyder LLC’s holdings in SPDR Gold Shares were worth $6,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLD. International Assets Investment Management LLC increased its stake in shares of SPDR Gold Shares by 21,571.1% in 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 during the period. Envestnet Asset Management Inc. increased 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 valued at $242,732,000 after buying an additional 28,683 shares during the period. Commonwealth Equity Services LLC increased its stake 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 buying an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of SPDR Gold Shares by 6.8% in the 2nd 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. Finally, Arizona PSPRS Trust acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $157,187,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.4 %

Shares of NYSEARCA GLD traded up $1.09 during midday trading on Tuesday, hitting $244.53. The stock had a trading volume of 700,812 shares, compared to its average volume of 7,001,879. SPDR Gold Shares has a fifty-two week low of $183.15 and a fifty-two week high of $257.71. The company’s 50-day simple moving average is $246.53 and its 200 day simple moving average is $231.64.

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).