1834 Investment Advisors Co. Has $9.27 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

1834 Investment Advisors Co. decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 38,131 shares of the exchange traded fund’s stock after selling 3,045 shares during the period. SPDR Gold Shares comprises approximately 1.1% of 1834 Investment Advisors Co.’s portfolio, making the stock its 20th biggest holding. 1834 Investment Advisors Co.’s holdings in SPDR Gold Shares were worth $9,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Toronto Dominion Bank increased its holdings in shares of SPDR Gold Shares by 23.6% during the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after purchasing an additional 1,079,452 shares during the period. International Assets Investment Management LLC raised its holdings in 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 valued at $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Envestnet Asset Management Inc. lifted its position 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 worth $242,732,000 after acquiring an additional 28,683 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of SPDR Gold Shares by 7.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after purchasing an additional 70,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 6.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after purchasing an additional 54,974 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $253.36 on Wednesday. SPDR Gold Shares has a one year low of $179.11 and a one year high of $257.71. The business has a fifty day simple moving average of $243.23 and a 200 day simple moving average of $228.11.

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).