Toroso Investments LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 3.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,908 shares of the exchange traded fund’s stock after purchasing an additional 1,312 shares during the period. Toroso Investments LLC’s holdings in SPDR Gold Shares were worth $6,848,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Claremont Financial Group Inc. bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $3,016,000. HWG Holdings LP bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $28,000. Life Planning Partners Inc bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $29,000. MCF Advisors LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth about $34,000. Finally, Rise Advisors LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $33,000. 40.89% of the stock is owned by institutional investors.
SPDR Gold Shares Stock Down 0.4 %
Shares of NYSEARCA GLD opened at $157.93 on Thursday. SPDR Gold Shares has a 1-year low of $157.32 and a 1-year high of $193.30. The company has a 50-day moving average of $162.13 and a two-hundred day moving average of $171.40.
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).
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