SPDR Gold Shares (NYSEARCA:GLD) Position Decreased by Arcus Capital Partners LLC

Arcus Capital Partners LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,963 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Arcus Capital Partners LLC’s holdings in SPDR Gold Shares were worth $1,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GLD. Toronto Dominion Bank lifted its position in shares of SPDR Gold Shares by 23.6% during the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after acquiring an additional 1,079,452 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. increased its stake in SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after purchasing an additional 28,683 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in SPDR Gold Shares by 7.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after buying an additional 70,290 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in SPDR Gold Shares by 6.8% during 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 in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $242.14 on Tuesday. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $257.71. The firm’s 50 day simple moving average is $244.40 and its 200-day simple moving average is $228.99.

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).