Aviance Capital Partners LLC Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Aviance Capital Partners LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 15.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,509 shares of the exchange traded fund’s stock after selling 283 shares during the period. Aviance Capital Partners LLC’s holdings in SPDR Gold Shares were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of GLD. Toronto Dominion Bank increased its stake in shares of SPDR Gold Shares by 23.6% during the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after acquiring an additional 1,079,452 shares during the period. International Assets Investment Management LLC raised its stake in shares of 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 worth $735,169,000 after buying 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 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after buying an additional 28,683 shares during the period. Commonwealth Equity Services LLC boosted its stake 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 buying an additional 70,290 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings 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 worth $184,474,000 after acquiring an additional 54,974 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $243.25 on Wednesday. SPDR Gold Shares has a one year low of $182.23 and a one year high of $257.71. The business has a fifty day moving average of $245.35 and a two-hundred day moving average of $230.05.

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).