LRI Investments LLC Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

LRI Investments LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3,937.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,615 shares of the exchange traded fund’s stock after buying an additional 1,575 shares during the quarter. LRI Investments LLC’s holdings in SPDR Gold Shares were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. 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 worth $1,162,217,000 after buying an additional 1,079,452 shares during the last quarter. Scarborough Advisors LLC raised its position in SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after purchasing an additional 2,636,376 shares during the last quarter. Commonwealth Equity Services LLC raised its position in SPDR Gold Shares by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock valued at $201,659,000 after purchasing an additional 47,681 shares during the last quarter. Raymond James & Associates raised its position in SPDR Gold Shares by 2.8% in the 1st quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after purchasing an additional 23,468 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in 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 purchasing an additional 54,974 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.2 %

GLD stock opened at $232.02 on Friday. The company has a fifty day moving average price of $222.11 and a 200 day moving average price of $212.64. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $234.01.

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).