Garden State Investment Advisory Services LLC Has $971,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Garden State Investment Advisory Services LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,516 shares of the exchange traded fund’s stock after purchasing an additional 149 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in SPDR Gold Shares were worth $971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Scarborough Advisors LLC increased its position in 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 worth $508,970,000 after buying an additional 2,636,376 shares during the period. Toronto Dominion Bank increased its position in 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 acquiring an additional 1,079,452 shares during the period. Arizona PSPRS Trust acquired a new position in SPDR Gold Shares during the 2nd quarter valued at $157,187,000. Global Assets Advisory LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at $144,269,000. Finally, GLOBALT Investments LLC GA bought a new stake in SPDR Gold Shares in the 4th quarter valued at $124,066,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $242.21 on Friday. The firm’s 50-day moving average is $228.91 and its 200-day moving average is $218.86. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $242.63.

About SPDR Gold Shares

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).