Compass Ion Advisors LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 52,397 shares of the exchange traded fund’s stock after purchasing an additional 4,184 shares during the quarter. SPDR Gold Shares comprises 7.8% of Compass Ion Advisors LLC’s holdings, making the stock its 3rd biggest position. Compass Ion Advisors LLC’s holdings in SPDR Gold Shares were worth $8,770,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of GLD. Morgan Stanley increased its holdings in shares of SPDR Gold Shares by 39.8% during the 1st quarter. Morgan Stanley now owns 9,542,061 shares of the exchange traded fund’s stock worth $1,412,702,000 after acquiring an additional 2,714,243 shares during the last quarter. BlackRock Inc. lifted its stake in shares of SPDR Gold Shares by 210.3% in the 1st quarter. BlackRock Inc. now owns 7,954,239 shares of the exchange traded fund’s stock valued at $1,177,625,000 after acquiring an additional 5,390,754 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $110,936,000. Toronto Dominion Bank lifted its stake in shares of SPDR Gold Shares by 25.0% in the 4th quarter. Toronto Dominion Bank now owns 3,949,056 shares of the exchange traded fund’s stock valued at $564,320,000 after acquiring an additional 788,859 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of SPDR Gold Shares by 31.2% in the 1st quarter. Mackenzie Financial Corp now owns 2,740,069 shares of the exchange traded fund’s stock valued at $405,667,000 after acquiring an additional 651,842 shares during the last quarter.
GLD traded up $0.45 during midday trading on Thursday, reaching $170.54. 203,736 shares of the company’s stock traded hands, compared to its average volume of 12,907,891. The firm has a fifty day moving average of $163.65 and a two-hundred day moving average of $154.49. SPDR Gold Shares has a 52 week low of $131.16 and a 52 week high of $170.86.
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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