Altavista Wealth Management Inc. boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 27.2% during the first quarter, HoldingsChannel.com reports. The firm owned 36,783 shares of the exchange traded fund’s stock after buying an additional 7,875 shares during the period. SPDR Gold Shares accounts for about 1.6% of Altavista Wealth Management Inc.’s portfolio, making the stock its 23rd largest position. Altavista Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $4,488,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in GLD. Toronto Dominion Bank increased its stake in SPDR Gold Shares by 165.3% in the 4th quarter. Toronto Dominion Bank now owns 135,384,111 shares of the exchange traded fund’s stock worth $16,415,327,000 after purchasing an additional 84,360,935 shares during the period. Elephas Investment Management Ltd increased its stake in SPDR Gold Shares by 342.5% in the 4th quarter. Elephas Investment Management Ltd now owns 3,427,584 shares of the exchange traded fund’s stock worth $415,595,000 after purchasing an additional 2,652,953 shares during the period. BlackRock Inc. increased its stake in SPDR Gold Shares by 88.6% in the 4th quarter. BlackRock Inc. now owns 2,046,924 shares of the exchange traded fund’s stock worth $248,189,000 after purchasing an additional 961,644 shares during the period. WealthNavi Inc. purchased a new position in SPDR Gold Shares in the 1st quarter worth approximately $94,791,000. Finally, Jefferies Financial Group Inc. purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $85,666,000.
Shares of SPDR Gold Shares stock opened at $125.83 on Thursday. SPDR Gold Shares has a one year low of $111.06 and a one year high of $127.25.
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About SPDR Gold Shares
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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