Flagstar Advisors Inc. Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Flagstar Advisors Inc. raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,949 shares of the exchange traded fund’s stock after purchasing an additional 127 shares during the quarter. Flagstar Advisors Inc.’s holdings in SPDR Gold Shares were worth $1,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Milestone Asset Management LLC boosted its position in SPDR Gold Shares by 5.4% in the 3rd quarter. Milestone Asset Management LLC now owns 2,865 shares of the exchange traded fund’s stock valued at $486,000 after buying an additional 147 shares during the period. Sand Hill Global Advisors LLC increased its holdings in SPDR Gold Shares by 2.6% during the 3rd quarter. Sand Hill Global Advisors LLC now owns 2,926 shares of the exchange traded fund’s stock worth $502,000 after purchasing an additional 75 shares during the period. Resolute Wealth Strategies LLC raised its position in SPDR Gold Shares by 3.1% in the 3rd quarter. Resolute Wealth Strategies LLC now owns 21,533 shares of the exchange traded fund’s stock valued at $3,692,000 after purchasing an additional 639 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of SPDR Gold Shares by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after buying an additional 591,368 shares during the period. Finally, Cape Cod Five Cents Savings Bank grew its position in shares of SPDR Gold Shares by 87.1% during the third quarter. Cape Cod Five Cents Savings Bank now owns 43,466 shares of the exchange traded fund’s stock worth $7,452,000 after buying an additional 20,232 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.9 %

Shares of NYSEARCA:GLD traded down $1.92 on Wednesday, hitting $212.64. 4,689,088 shares of the company’s stock were exchanged, compared to its average volume of 7,391,996. The firm’s 50-day moving average is $216.57 and its 200 day moving average is $202.31. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.66.

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).