SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,786 shares of the exchange traded fund’s stock after selling 3,136 shares during the period. Prime Capital Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $5,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Toronto Dominion Bank lifted its position in shares of SPDR Gold Shares by 23.6% during 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 acquiring an additional 1,079,452 shares during the period. Scarborough Advisors LLC lifted its position in shares of SPDR Gold Shares by 10,133.3% during 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 acquiring an additional 2,636,376 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Gold Shares by 2.6% during 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 acquiring an additional 28,683 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of SPDR Gold Shares by 7.5% during 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 acquiring an additional 70,290 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of SPDR Gold Shares by 6.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after acquiring an additional 54,974 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.0 %

GLD stock opened at $238.68 on Monday. The firm has a 50 day moving average of $227.10 and a 200-day moving average of $217.61. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $238.98.

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).