Legacy Financial Advisors Inc. Acquires Shares of 1,144 SPDR Gold Shares (NYSEARCA:GLD)

Legacy Financial Advisors Inc. acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,144 shares of the exchange traded fund’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Scarborough Advisors LLC lifted its stake 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 purchasing an additional 2,636,376 shares during the period. Toronto Dominion Bank raised its position in shares of 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 during the period. Arizona PSPRS Trust acquired a new position in shares of SPDR Gold Shares in the second quarter worth about $157,187,000. Global Assets Advisory LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $144,269,000. Finally, GLOBALT Investments LLC GA acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $124,066,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

NYSEARCA GLD opened at $242.21 on Friday. The stock has a 50-day moving average of $228.91 and a 200 day moving average of $219.01. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $242.63.

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).