Mittelman Wealth Management Takes $316,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Mittelman Wealth Management purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,468 shares of the exchange traded fund’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLD. Toronto Dominion Bank lifted its position in shares of SPDR Gold Shares by 23.6% during the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $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% during 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 buying an additional 2,636,376 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in 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 worth $242,732,000 after buying an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of 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 worth $216,668,000 after acquiring an additional 70,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings 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 valued at $184,474,000 after acquiring an additional 54,974 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

SPDR Gold Shares stock opened at $235.51 on Thursday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $240.29. The company has a fifty day moving average price of $228.21 and a two-hundred day moving average price of $218.39.

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).