TD Waterhouse Canada Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 26.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 140,620 shares of the exchange traded fund’s stock after acquiring an additional 29,454 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in SPDR Gold Shares were worth $43,232,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares during the first quarter valued at $30,000. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at $34,000. Traub Capital Management LLC bought a new position in SPDR Gold Shares during the 2nd quarter worth $34,000. Legacy Wealth Managment LLC ID raised its position in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the 2nd quarter worth about $43,000. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Trading Up 0.7%
Shares of GLD stock opened at $374.35 on Wednesday. The stock has a market cap of $135.48 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock has a 50-day moving average of $363.91 and a 200-day moving average of $328.51. SPDR Gold Shares has a 1-year low of $238.73 and a 1-year high of $403.30.
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).
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