SPDR Gold Shares (NYSEARCA:GLD) Stake Decreased by Addison Advisors LLC

Addison Advisors LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 10.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 438 shares of the exchange traded fund’s stock after selling 53 shares during the quarter. Addison Advisors LLC’s holdings in SPDR Gold Shares were worth $106,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in shares of SPDR Gold Shares by 21,571.1% during 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 grew 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 acquiring an additional 1,079,452 shares during the period. Arizona PSPRS Trust bought a new stake in SPDR Gold Shares in the second quarter worth about $157,187,000. Cetera Investment Advisers raised 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 acquiring an additional 577,210 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in SPDR Gold Shares by 9,654.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after acquiring an additional 544,807 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 2.3 %

Shares of GLD opened at $242.14 on Tuesday. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $257.71. The firm’s 50 day moving average is $244.18 and its 200-day moving average is $228.80.

SPDR Gold Shares Company Profile

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).