SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 868,088 shares of the exchange traded fund’s stock after acquiring an additional 23,468 shares during the period. Raymond James & Associates’ holdings in SPDR Gold Shares were worth $178,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. MBL Wealth LLC increased its position in shares of SPDR Gold Shares by 14.3% during the first quarter. MBL Wealth LLC now owns 11,820 shares of the exchange traded fund’s stock worth $2,432,000 after acquiring an additional 1,475 shares during the period. Accordant Advisory Group Inc acquired a new position in SPDR Gold Shares during the 1st quarter worth $38,000. Shikiar Asset Management Inc. increased its holdings in SPDR Gold Shares by 7.4% during the 1st quarter. Shikiar Asset Management Inc. now owns 13,102 shares of the exchange traded fund’s stock worth $2,695,000 after purchasing an additional 900 shares during the period. BTS Asset Management Inc. raised its position in SPDR Gold Shares by 9.4% in the 1st quarter. BTS Asset Management Inc. now owns 1,794 shares of the exchange traded fund’s stock valued at $364,000 after purchasing an additional 154 shares in the last quarter. Finally, Carmel Capital Management L.L.C. purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $207,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock traded up $0.70 during trading on Friday, hitting $216.62. 6,268,504 shares of the stock were exchanged, compared to its average volume of 11,521,039. The firm’s 50-day moving average price is $204.56 and its 200 day moving average price is $192.69. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09.

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).