Sequoia Financial Advisors LLC Purchases 1,775 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sequoia Financial Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,400 shares of the exchange traded fund’s stock after acquiring an additional 1,775 shares during the period. Sequoia Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $6,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GLD. FMR LLC grew its stake in SPDR Gold Shares by 1,211.6% during the first quarter. FMR LLC now owns 105,272 shares of the exchange traded fund’s stock valued at $12,844,000 after acquiring an additional 97,246 shares in the last quarter. Morgan Stanley grew its stake in SPDR Gold Shares by 39.8% during the first quarter. Morgan Stanley now owns 9,542,061 shares of the exchange traded fund’s stock valued at $1,412,702,000 after acquiring an additional 2,714,243 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in SPDR Gold Shares by 3,709.5% during the first quarter. Tower Research Capital LLC TRC now owns 800 shares of the exchange traded fund’s stock valued at $118,000 after acquiring an additional 779 shares in the last quarter. Meeder Asset Management Inc. grew its stake in SPDR Gold Shares by 39.5% during the first quarter. Meeder Asset Management Inc. now owns 424 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 120 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in SPDR Gold Shares by 0.7% during the first quarter. 1832 Asset Management L.P. now owns 122,800 shares of the exchange traded fund’s stock valued at $18,905,000 after acquiring an additional 800 shares in the last quarter.

Shares of NYSEARCA:GLD traded up $0.01 on Monday, reaching $178.65. The company’s stock had a trading volume of 292,900 shares, compared to its average volume of 12,920,267. SPDR Gold Shares has a 52-week low of $136.12 and a 52-week high of $194.45. The company has a 50-day simple moving average of $179.75 and a 200 day simple moving average of $171.80.

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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