Thrivent Financial for Lutherans decreased its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 76,190 shares of the exchange traded fund’s stock after selling 944 shares during the period. Thrivent Financial for Lutherans’ holdings in SPDR Gold Shares were worth $16,381,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in GLD. Scarborough Advisors LLC grew its stake in shares of SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after purchasing an additional 2,636,376 shares during the period. 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 period. Arizona PSPRS Trust bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $157,187,000. Global Assets Advisory LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $144,269,000. Finally, GLOBALT Investments LLC GA bought a new stake in SPDR Gold Shares during the 4th quarter worth approximately $124,066,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
NYSEARCA GLD opened at $246.07 on Wednesday. SPDR Gold Shares has a one year low of $168.30 and a one year high of $246.19. The stock’s 50 day simple moving average is $229.64 and its 200 day simple moving average is $219.77.
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).
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