SPDR Gold Shares (NYSEARCA:GLD) Stock Position Raised by Kanawha Capital Management LLC

Kanawha Capital Management LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 14.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,153 shares of the exchange traded fund’s stock after acquiring an additional 402 shares during the period. Kanawha Capital Management LLC’s holdings in SPDR Gold Shares were worth $678,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank raised its holdings in SPDR Gold Shares by 23.6% during the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after purchasing an additional 1,079,452 shares in the last quarter. Scarborough Advisors LLC lifted its holdings 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 acquiring an additional 2,636,376 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of SPDR Gold Shares by 4.7% during 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 in the last quarter. Raymond James & Associates grew its stake in shares of 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 worth $178,583,000 after purchasing an additional 23,468 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings 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 worth $184,474,000 after purchasing an additional 54,974 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.2 %

GLD stock traded up $2.65 on Friday, hitting $232.02. 5,418,171 shares of the company’s stock traded hands, compared to its average volume of 7,195,282. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $234.01. The stock has a fifty day moving average of $222.11 and a 200-day moving average of $212.64.

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).