Sugarloaf Wealth Management LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Sugarloaf Wealth Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 78.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161 shares of the exchange traded fund’s stock after buying an additional 71 shares during the period. Sugarloaf Wealth Management LLC’s holdings in SPDR Gold Shares were worth $39,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GLD. Scarborough Advisors LLC lifted its position in SPDR Gold Shares by 10,133.3% in 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 acquiring an additional 2,636,376 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of 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 purchasing an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $157,187,000. Global Assets Advisory LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $144,269,000. Finally, GLOBALT Investments LLC GA purchased a new position in SPDR Gold Shares during the 4th quarter worth approximately $124,066,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.8 %

Shares of NYSEARCA GLD opened at $242.32 on Wednesday. SPDR Gold Shares has a twelve month low of $171.07 and a twelve month high of $247.37. The stock has a 50 day moving average of $233.77 and a two-hundred day moving average of $222.58.

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).