Alaethes Wealth LLC Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Alaethes Wealth LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,539 shares of the exchange traded fund’s stock after purchasing an additional 291 shares during the period. SPDR Gold Shares accounts for approximately 1.2% of Alaethes Wealth LLC’s holdings, making the stock its 19th largest position. Alaethes Wealth LLC’s holdings in SPDR Gold Shares were worth $2,911,000 as of its most recent SEC filing.

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

SPDR Gold Shares Stock Up 1.3 %

Shares of GLD opened at $242.21 on Friday. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $242.63. The company has a 50 day simple moving average of $228.91 and a two-hundred day simple moving average of $218.86.

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).