Capital Market Strategies LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Capital Market Strategies LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,292 shares of the exchange traded fund’s stock after purchasing an additional 67 shares during the quarter. Capital Market Strategies LLC’s holdings in SPDR Gold Shares were worth $314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Scarborough Advisors LLC raised its position in SPDR Gold Shares by 10,133.3% in the fourth 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 raised its position in SPDR Gold Shares by 23.6% in the first 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 purchased a new stake in shares of SPDR Gold Shares during the second quarter worth $157,187,000. Global Assets Advisory LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth $144,269,000. Finally, GLOBALT Investments LLC GA purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $124,066,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.1 %

SPDR Gold Shares stock opened at $245.49 on Friday. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $247.37. The stock’s fifty day simple moving average is $232.81 and its 200-day simple moving average is $221.68.

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).