Paragon Advisors LLC Purchases Shares of 904 SPDR Gold Shares (NYSEARCA:GLD)

Paragon Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 904 shares of the exchange traded fund’s stock, valued at approximately $220,000.

Other institutional investors have also modified their holdings of the company. Toronto Dominion Bank grew its position in 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 valued at $1,162,217,000 after buying an additional 1,079,452 shares during the period. International Assets Investment Management LLC grew its position in shares of SPDR Gold Shares by 21,571.1% during 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 during the period. Envestnet Asset Management Inc. increased its stake 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 valued at $242,732,000 after purchasing an additional 28,683 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in SPDR Gold Shares by 7.5% in 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 during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in SPDR Gold Shares by 6.8% during the second 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. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $236.59 on Friday. The stock’s 50 day moving average is $244.95 and its two-hundred day moving average is $229.41. SPDR Gold Shares has a 12 month low of $182.23 and a 12 month high of $257.71.

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).