SPDR Gold Shares (NYSEARCA:GLD) Stock Position Lifted by Bright Financial Advisors Inc.

Bright Financial Advisors Inc. grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,071 shares of the exchange traded fund’s stock after purchasing an additional 1,170 shares during the quarter. SPDR Gold Shares makes up about 9.3% of Bright Financial Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Bright Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $13,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Toronto Dominion Bank grew its position in SPDR Gold Shares by 23.6% in 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 acquiring an additional 1,079,452 shares in the last quarter. Scarborough Advisors LLC lifted its holdings in 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 buying an additional 2,636,376 shares in the last quarter. Envestnet Asset Management Inc. boosted its position 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 buying an additional 28,683 shares during the period. Commonwealth Equity Services LLC grew 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 worth $216,668,000 after acquiring an additional 70,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of SPDR Gold Shares by 6.8% during the second 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 period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.8 %

SPDR Gold Shares stock opened at $235.51 on Thursday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $240.29. The company has a 50 day moving average price of $228.21 and a 200-day moving average price of $218.39.

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).