SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Park Edge Advisors LLC

Park Edge Advisors LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the first quarter, Holdings Channel reports. The institutional investor owned 70,779 shares of the exchange traded fund’s stock after acquiring an additional 2,380 shares during the period. SPDR Gold Shares comprises about 4.1% of Park Edge Advisors LLC’s portfolio, making the stock its 2nd biggest position. Park Edge Advisors LLC’s holdings in SPDR Gold Shares were worth $14,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Scarborough Advisors LLC lifted its holdings 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 purchasing an additional 2,636,376 shares in the last quarter. International Assets Investment Management LLC boosted its stake in SPDR Gold Shares by 19,989.3% in the fourth 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 acquiring an additional 2,424,904 shares during the period. Euclidean Capital LLC grew its holdings in shares of SPDR Gold Shares by 91.4% during the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after purchasing an additional 507,500 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of SPDR Gold Shares by 4.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock worth $201,659,000 after purchasing an additional 47,681 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of 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 worth $161,466,000 after purchasing an additional 4,242 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.1 %

NYSEARCA:GLD traded up $2.43 during midday trading on Thursday, reaching $217.99. 5,055,313 shares of the company traded hands, compared to its average volume of 5,293,554. The company has a fifty day moving average price of $216.28 and a 200 day moving average price of $203.42. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.66.

About SPDR Gold Shares

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).