Valeo Financial Advisors LLC Increases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Valeo Financial Advisors LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,095 shares of the exchange traded fund’s stock after purchasing an additional 317 shares during the period. Valeo Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GLD. Scarborough Advisors LLC boosted its position in SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after buying an additional 2,636,376 shares during the last quarter. International Assets Investment Management LLC boosted its position in SPDR Gold Shares by 19,989.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock valued at $465,888,000 after buying an additional 2,424,904 shares during the last quarter. Euclidean Capital LLC boosted its position in SPDR Gold Shares by 91.4% in the 3rd quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after buying an additional 507,500 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in SPDR Gold Shares by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock valued at $201,659,000 after buying an additional 47,681 shares during the last quarter. Finally, Raymond James & Associates boosted its position in SPDR Gold Shares by 0.5% in the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock valued at $161,466,000 after buying an additional 4,242 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $2.43 during trading on Wednesday, reaching $217.99. The company had a trading volume of 5,038,495 shares, compared to its average volume of 7,279,664. The firm’s fifty day moving average is $216.21 and its 200-day moving average is $203.32. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66.

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).