Hamel Associates Inc. Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

Hamel Associates Inc. lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,940 shares of the exchange traded fund’s stock after selling 285 shares during the quarter. Hamel Associates Inc.’s holdings in SPDR Gold Shares were worth $2,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Toronto Dominion Bank grew its stake in shares of SPDR Gold Shares by 23.6% in the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after purchasing an additional 1,079,452 shares during the last quarter. Scarborough Advisors LLC increased its stake 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 period. Commonwealth Equity Services LLC raised its holdings in SPDR Gold Shares by 7.5% during the second 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. Raymond James Financial Services Advisors Inc. lifted its position in SPDR Gold Shares by 6.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after purchasing an additional 54,974 shares during the period. Finally, Stifel Financial Corp boosted its holdings in SPDR Gold Shares by 2.7% in the 4th quarter. Stifel Financial Corp now owns 793,569 shares of the exchange traded fund’s stock valued at $151,707,000 after purchasing an additional 21,108 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock traded up $1.45 during trading hours on Thursday, reaching $231.88. 3,092,375 shares of the company’s stock were exchanged, compared to its average volume of 7,081,061. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $234.01. The company’s 50 day moving average is $224.77 and its two-hundred day moving average is $215.17.

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).