Raymond James Financial Services Advisors Inc. Acquires 54,974 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Raymond James Financial Services Advisors Inc. grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 857,981 shares of the exchange traded fund’s stock after purchasing an additional 54,974 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in SPDR Gold Shares were worth $184,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James & Associates increased its holdings in SPDR Gold Shares by 2.8% during the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock worth $178,583,000 after buying an additional 23,468 shares during the last quarter. Evexia Wealth LLC raised its holdings in shares of SPDR Gold Shares by 36.6% in the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock valued at $881,000 after purchasing an additional 1,253 shares during the period. TKG Advisors LLC raised its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock valued at $2,910,000 after purchasing an additional 110 shares during the period. City Holding Co. lifted its stake in SPDR Gold Shares by 5.6% in the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares during the last quarter. Finally, Ndwm LLC bought a new position in SPDR Gold Shares during the fourth quarter worth about $546,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded down $0.39 on Monday, hitting $231.60. The company’s stock had a trading volume of 5,162,932 shares, compared to its average volume of 7,215,363. SPDR Gold Shares has a one year low of $168.30 and a one year high of $232.02. The stock has a fifty day moving average of $220.75 and a two-hundred day moving average of $211.59.

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).