J.W. Cole Advisors Inc. Purchases 6,205 Shares of SPDR Gold Shares (NYSEARCA:GLD)

J.W. Cole Advisors Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 29.7% during the third quarter, Holdings Channel reports. The firm owned 27,075 shares of the exchange traded fund’s stock after buying an additional 6,205 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in SPDR Gold Shares were worth $6,581,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the period. 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 acquiring an additional 1,079,452 shares during the period. Arizona PSPRS Trust acquired a new stake in SPDR Gold Shares during the 2nd quarter valued at $157,187,000. Cetera Investment Advisers boosted its position in SPDR Gold Shares by 461.0% during the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock worth $144,501,000 after purchasing an additional 577,210 shares during the period. Finally, Strategic Financial Concepts LLC increased its holdings in shares of SPDR Gold Shares by 9,654.6% in the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after purchasing an additional 544,807 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD traded up $0.52 during trading hours on Friday, hitting $253.32. The company had a trading volume of 4,424,475 shares, compared to its average volume of 6,397,792. The business has a fifty day moving average of $240.12 and a 200-day moving average of $226.35. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $253.94.

SPDR Gold Shares 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).