Axxcess Wealth Management LLC Buys 2,596 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Axxcess Wealth Management LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.5% in the second quarter, Holdings Channel reports. The institutional investor owned 42,778 shares of the exchange traded fund’s stock after purchasing an additional 2,596 shares during the period. Axxcess Wealth Management LLC’s holdings in SPDR Gold Shares were worth $9,198,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GLD. Toronto Dominion Bank increased its stake in 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 purchasing an additional 1,079,452 shares in the last quarter. Scarborough Advisors LLC raised its stake in shares of SPDR Gold Shares by 10,133.3% in the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 2.6% during 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 raised its position in SPDR Gold Shares by 7.5% in 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 last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position 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 acquiring an additional 54,974 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $238.66 on Tuesday. The stock has a 50-day simple moving average of $227.51 and a two-hundred day simple moving average of $217.96. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $239.28.

SPDR Gold Shares 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).