SPDR Gold Shares (NYSEARCA:GLD) Sets New 12-Month High at $240.29

SPDR Gold Shares (NYSEARCA:GLD)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $240.29 and last traded at $238.72, with a volume of 6325002 shares traded. The stock had previously closed at $237.34.

SPDR Gold Shares Stock Performance

The business has a 50 day simple moving average of $227.88 and a 200 day simple moving average of $218.27.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLD. Toronto Dominion Bank raised its stake 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 valued at $1,162,217,000 after acquiring an additional 1,079,452 shares in the last quarter. Scarborough Advisors LLC raised its stake in shares of 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 in the last quarter. Envestnet Asset Management Inc. raised 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 valued at $242,732,000 after acquiring an additional 28,683 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of SPDR Gold Shares by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after acquiring an additional 70,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of SPDR Gold Shares by 6.8% in the second 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 in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

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).