Richard C. Young & CO. LTD. Reduces Stake in SPDR Gold Shares (NYSEARCA:GLD)

Richard C. Young & CO. LTD. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,917 shares of the exchange traded fund’s stock after selling 322 shares during the period. SPDR Gold Shares comprises about 3.6% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 2nd largest position. Richard C. Young & CO. LTD.’s holdings in SPDR Gold Shares were worth $33,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of SPDR Gold Shares by 21,571.1% during the third 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 buying an additional 3,010,682 shares during the last quarter. Toronto Dominion Bank lifted its position 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 valued at $1,162,217,000 after buying an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at about $157,187,000. Cetera Investment Advisers raised its position in shares of SPDR Gold Shares by 461.0% in the 1st quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after purchasing an additional 577,210 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of SPDR Gold Shares by 9,654.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after purchasing an additional 544,807 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.2 %

Shares of SPDR Gold Shares stock opened at $236.59 on Monday. The company has a 50 day moving average price of $244.95 and a 200 day moving average price of $229.64. SPDR Gold Shares has a 52 week low of $182.23 and a 52 week high of $257.71.

SPDR Gold Shares Company 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).