Transcend Capital Advisors LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Transcend Capital Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,680 shares of the exchange traded fund’s stock after acquiring an additional 649 shares during the period. Transcend Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $4,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. International Assets Investment Management LLC raised its holdings in shares of SPDR Gold Shares by 19,989.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock valued at $465,888,000 after acquiring an additional 2,424,904 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of SPDR Gold Shares by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after acquiring an additional 591,368 shares in the last quarter. Euclidean Capital LLC raised its holdings in shares of SPDR Gold Shares by 91.4% during the 3rd quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after buying an additional 507,500 shares in the last quarter. Dagco Inc. raised its holdings in shares of SPDR Gold Shares by 24,465.7% during the 3rd quarter. Dagco Inc. now owns 388,138 shares of the exchange traded fund’s stock valued at $66,546,000 after buying an additional 386,558 shares in the last quarter. Finally, Bailard Inc. raised its holdings in shares of SPDR Gold Shares by 5,040.4% during the 4th quarter. Bailard Inc. now owns 349,291 shares of the exchange traded fund’s stock valued at $66,774,000 after buying an additional 342,496 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD traded up $0.70 during trading hours on Friday, reaching $216.62. 6,268,504 shares of the stock traded hands, compared to its average volume of 11,521,039. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09. The company’s 50-day simple moving average is $204.56 and its two-hundred day simple moving average is $192.42.

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).