Tradition Wealth Management LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Tradition Wealth Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,675 shares of the exchange traded fund’s stock after acquiring an additional 69 shares during the period. Tradition Wealth Management LLC’s holdings in SPDR Gold Shares were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position 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 purchasing an additional 3,010,682 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after acquiring an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC grew its position in SPDR Gold Shares by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after acquiring an additional 70,290 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in SPDR Gold Shares by 6.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after acquiring an additional 54,974 shares during the last quarter. Finally, Arizona PSPRS Trust purchased a new stake in SPDR Gold Shares during the second quarter valued at approximately $157,187,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.9 %

NYSEARCA:GLD opened at $245.59 on Monday. The business has a 50 day simple moving average of $246.53 and a 200-day simple moving average of $231.64. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71.

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).