Flagship Private Wealth LLC Buys 2,232 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Flagship Private Wealth LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 36.3% in the third quarter, HoldingsChannel reports. The fund owned 8,379 shares of the exchange traded fund’s stock after acquiring an additional 2,232 shares during the period. SPDR Gold Shares accounts for approximately 1.0% of Flagship Private Wealth LLC’s investment portfolio, making the stock its 23rd largest holding. Flagship Private Wealth LLC’s holdings in SPDR Gold Shares were worth $2,037,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in 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 worth $1,162,217,000 after buying an additional 1,079,452 shares during the period. International Assets Investment Management LLC increased its position in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares during the period. 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 worth $242,732,000 after purchasing an additional 28,683 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings 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 period. Finally, Raymond James Financial Services Advisors Inc. grew 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 worth $184,474,000 after purchasing an additional 54,974 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.2 %

Shares of GLD opened at $253.36 on Wednesday. The firm’s 50 day moving average is $243.23 and its 200-day moving average is $228.11. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $257.71.

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).