TD Asset Management Inc Grows Stock Holdings in SPDR Gold Shares $GLD

TD Asset Management Inc increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 108.4% in the 2nd quarter, Holdings Channel reports. The firm owned 685,151 shares of the exchange traded fund’s stock after buying an additional 356,401 shares during the period. TD Asset Management Inc’s holdings in SPDR Gold Shares were worth $208,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares during the first quarter valued at approximately $34,000. Columbia River Financial Group LLC purchased a new stake in SPDR Gold Shares during the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the last quarter. Finally, HWG Holdings LP purchased a new stake in SPDR Gold Shares during the first quarter valued at approximately $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 2.4%

Shares of GLD stock opened at $378.09 on Tuesday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $378.86. The stock has a market cap of $134.00 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a 50 day simple moving average of $332.14 and a two-hundred day simple moving average of $313.66.

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).