McAdam LLC Has $463,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

McAdam LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,906 shares of the exchange traded fund’s stock after selling 45 shares during the period. McAdam LLC’s holdings in SPDR Gold Shares were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake in 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 worth $1,162,217,000 after purchasing an additional 1,079,452 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in SPDR Gold Shares by 2.6% during 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 purchasing an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in SPDR Gold Shares by 7.5% during 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 purchasing an additional 70,290 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position 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 buying an additional 54,974 shares during the last quarter. Finally, Arizona PSPRS Trust acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $157,187,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.8 %

GLD opened at $252.76 on Friday. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $253.94. The business has a 50 day moving average of $239.18 and a 200-day moving average of $225.85.

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).