Cambridge Investment Research Advisors Inc. Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Cambridge Investment Research Advisors Inc. increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 605,639 shares of the exchange traded fund’s stock after purchasing an additional 63,103 shares during the quarter. SPDR Gold Shares accounts for 0.5% of Cambridge Investment Research Advisors Inc.’s portfolio, making the stock its 29th largest position. Cambridge Investment Research Advisors Inc. owned about 0.19% of SPDR Gold Shares worth $107,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sei Investments Co. purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at $24,420,000. Covestor Ltd increased its holdings in SPDR Gold Shares by 69.4% in the 1st quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 218 shares during the last quarter. Merit Financial Group LLC increased its holdings in SPDR Gold Shares by 18.6% in the 1st quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock valued at $501,000 after acquiring an additional 435 shares during the last quarter. First Western Trust Bank bought a new stake in SPDR Gold Shares in the 1st quarter valued at $256,000. Finally, Prudential Financial Inc. increased its holdings in SPDR Gold Shares by 32.5% in the 1st quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock valued at $6,666,000 after acquiring an additional 9,049 shares during the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded down $0.06 on Tuesday, reaching $179.33. The company had a trading volume of 2,670,839 shares, compared to its average volume of 6,919,551. The firm’s 50 day moving average price is $179.30 and its 200 day moving average price is $181.13. SPDR Gold Shares has a 12 month low of $150.57 and a 12 month high of $191.36.

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).