SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by United Asset Strategies Inc.

United Asset Strategies Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 85,296 shares of the exchange traded fund’s stock after purchasing an additional 1,947 shares during the quarter. SPDR Gold Shares comprises about 1.9% of United Asset Strategies Inc.’s portfolio, making the stock its 9th biggest position. United Asset Strategies Inc.’s holdings in SPDR Gold Shares were worth $20,732,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in SPDR Gold Shares by 21,571.1% in the third 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 acquiring an additional 3,010,682 shares during the period. Toronto Dominion Bank lifted 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 period. Arizona PSPRS Trust purchased a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $157,187,000. Cetera Investment Advisers raised its holdings in SPDR Gold Shares by 461.0% during 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 boosted its position 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 worth $1,184,000 after purchasing an additional 544,807 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.9 %

Shares of NYSEARCA:GLD traded down $4.95 during midday trading on Thursday, hitting $252.55. 4,625,467 shares of the stock were exchanged, compared to its average volume of 6,957,035. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.71. The company has a 50 day moving average price of $241.54 and a 200-day moving average price of $227.15.

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).