SPDR Gold Shares (NYSEARCA:GLD) Position Lessened by Towneley Capital Management Inc DE

Towneley Capital Management Inc DE trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,356 shares of the exchange traded fund’s stock after selling 570 shares during the period. SPDR Gold Shares comprises approximately 0.7% of Towneley Capital Management Inc DE’s portfolio, making the stock its 18th biggest holding. Towneley Capital Management Inc DE’s holdings in SPDR Gold Shares were worth $3,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Toronto Dominion Bank raised its holdings 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 worth $1,162,217,000 after acquiring an additional 1,079,452 shares in the last quarter. Scarborough Advisors LLC raised its holdings 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 in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Gold Shares by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after acquiring an additional 28,683 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of 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 acquiring an additional 70,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 6.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after acquiring an additional 54,974 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.8 %

Shares of NYSEARCA:GLD opened at $242.32 on Wednesday. SPDR Gold Shares has a 1 year low of $171.07 and a 1 year high of $247.37. The business has a fifty day simple moving average of $233.77 and a 200 day simple moving average of $222.58.

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).