SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,381 shares of the exchange traded fund’s stock after selling 125 shares during the period. Cutler Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $579,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Toronto Dominion Bank grew its holdings in SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after purchasing an additional 1,079,452 shares during the last quarter. International Assets Investment Management LLC increased its holdings in SPDR Gold Shares by 21,571.1% during 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 acquiring an additional 3,010,682 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after purchasing an additional 28,683 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of SPDR Gold Shares by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after purchasing an additional 70,290 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of SPDR Gold Shares by 6.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after purchasing an additional 54,974 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock traded down $0.42 on Friday, reaching $236.59. The company had a trading volume of 7,299,482 shares, compared to its average volume of 7,051,746. The company’s fifty day moving average is $244.95 and its 200 day moving average is $229.41. SPDR Gold Shares has a 1 year low of $182.23 and a 1 year high of $257.71.

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).