D.B. Root & Company LLC Purchases 303 Shares of SPDR Gold Shares (NYSEARCA:GLD)

D.B. Root & Company LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,780 shares of the exchange traded fund’s stock after purchasing an additional 303 shares during the period. SPDR Gold Shares accounts for 0.7% of D.B. Root & Company LLC’s portfolio, making the stock its 28th largest holding. D.B. Root & Company LLC’s holdings in SPDR Gold Shares were worth $2,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. International Assets Investment Management LLC grew its stake in 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 in the last quarter. Toronto Dominion Bank grew its stake 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 valued at $1,162,217,000 after acquiring an additional 1,079,452 shares in the last quarter. Arizona PSPRS Trust purchased a new position in SPDR Gold Shares during the second quarter valued at $157,187,000. Cetera Investment Advisers grew its stake 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 valued at $144,501,000 after acquiring an additional 577,210 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of 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 worth $1,184,000 after buying an additional 544,807 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $245.72 on Thursday. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71. The firm has a fifty day simple moving average of $243.51 and a two-hundred day simple moving average of $228.24.

SPDR Gold Shares 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).