1,295 Shares in SPDR Gold Shares (NYSEARCA:GLD) Purchased by GEM Asset Management LLC

GEM Asset Management LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 1,295 shares of the exchange traded fund’s stock, valued at approximately $316,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in 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 last quarter. Scarborough Advisors LLC raised its stake in 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 last quarter. Envestnet Asset Management Inc. raised its stake in SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after purchasing an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in SPDR Gold Shares by 7.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after purchasing an additional 70,290 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of SPDR Gold Shares by 6.8% in the 2nd 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 during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.4 %

Shares of GLD traded up $1.08 during midday trading on Thursday, reaching $242.13. The company had a trading volume of 2,778,304 shares, compared to its average volume of 7,013,477. SPDR Gold Shares has a 1-year low of $173.24 and a 1-year high of $247.37. The firm has a 50 day simple moving average of $234.46 and a 200-day simple moving average of $223.00.

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).