First City Capital Management Inc. Sells 272 Shares of SPDR Gold Shares (NYSEARCA:GLD)

First City Capital Management Inc. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,925 shares of the exchange traded fund’s stock after selling 272 shares during the period. First City Capital Management Inc.’s holdings in SPDR Gold Shares were worth $629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank lifted its holdings 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 period. Scarborough Advisors LLC grew its position in shares of SPDR Gold Shares by 10,133.3% in 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 during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after acquiring an additional 28,683 shares during the period. Commonwealth Equity Services LLC increased its position in 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 purchasing an additional 70,290 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in 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 during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

NYSEARCA:GLD opened at $242.21 on Friday. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $242.63. The firm’s fifty day moving average is $228.91 and its 200-day moving average is $219.01.

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).