DAVENPORT & Co LLC Sells 338 Shares of SPDR Gold Shares (NYSEARCA:GLD)

DAVENPORT & Co LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,361 shares of the exchange traded fund’s stock after selling 338 shares during the period. DAVENPORT & Co LLC’s holdings in SPDR Gold Shares were worth $7,907,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in SPDR Gold Shares by 67,584.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock valued at $515,198,000 after buying an additional 3,032,521 shares during the period. State Street Corp grew its position in shares of SPDR Gold Shares by 256.0% during the 1st quarter. State Street Corp now owns 1,142,717 shares of the exchange traded fund’s stock valued at $206,432,000 after acquiring an additional 821,773 shares during the period. CIBC Asset Management Inc increased its stake in shares of SPDR Gold Shares by 111.3% during the 2nd quarter. CIBC Asset Management Inc now owns 68,532 shares of the exchange traded fund’s stock worth $12,217,000 after purchasing an additional 672,400 shares during 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 worth $799,007,000 after purchasing an additional 591,368 shares during the period. Finally, Virtu Financial LLC purchased a new position in SPDR Gold Shares in the first quarter valued at approximately $100,880,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $212.74 on Thursday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $212.83. The business has a 50-day moving average of $193.89 and a 200 day moving average of $187.24.

About SPDR Gold Shares

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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