Riggs Asset Managment Co. Inc. Has $16.99 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Riggs Asset Managment Co. Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,892 shares of the exchange traded fund’s stock after buying an additional 7,773 shares during the period. SPDR Gold Shares comprises approximately 4.6% of Riggs Asset Managment Co. Inc.’s portfolio, making the stock its 2nd largest position. Riggs Asset Managment Co. Inc.’s holdings in SPDR Gold Shares were worth $16,988,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of 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 last quarter. International Assets Investment Management LLC lifted its position in shares of SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. boosted its stake 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 purchasing an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of SPDR Gold Shares by 7.5% during 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 buying an additional 70,290 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised 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 buying an additional 54,974 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD traded up $0.52 during trading on Friday, reaching $253.32. 4,424,475 shares of the stock traded hands, compared to its average volume of 6,397,792. The stock’s 50-day moving average is $240.12 and its 200 day moving average is $226.35. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $253.94.

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).