SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Comerica Bank

Comerica Bank lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 124,223 shares of the exchange traded fund’s stock after acquiring an additional 79 shares during the quarter. Comerica Bank’s holdings in SPDR Gold Shares were worth $25,555,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings 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 buying an additional 1,079,452 shares in the last quarter. Scarborough Advisors LLC grew its position in shares of SPDR Gold Shares by 10,133.3% during the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after acquiring an additional 2,636,376 shares during the last quarter. International Assets Investment Management LLC lifted its holdings 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 worth $465,888,000 after purchasing an additional 2,424,904 shares during the period. Commonwealth Equity Services LLC lifted its holdings 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 acquiring an additional 47,681 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in SPDR Gold Shares by 2.8% in the 1st quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after acquiring an additional 23,468 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock traded down $1.28 during mid-day trading on Thursday, reaching $225.27. 5,250,251 shares of the stock traded hands, compared to its average volume of 7,174,735. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $229.65. The stock’s fifty day moving average is $218.19 and its 200-day moving average is $207.97.

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).