Transcendent Capital Group LLC Cuts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Transcendent Capital Group LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 90.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,386 shares of the exchange traded fund’s stock after selling 13,031 shares during the period. Transcendent Capital Group LLC’s holdings in SPDR Gold Shares were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. International Assets Investment Management LLC increased its stake in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of 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 worth $1,162,217,000 after purchasing an additional 1,079,452 shares during the period. Arizona PSPRS Trust acquired a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $157,187,000. Cetera Investment Advisers raised its holdings in SPDR Gold Shares by 461.0% in the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after buying an additional 577,210 shares during the period. Finally, Strategic Financial Concepts LLC lifted its position in SPDR Gold Shares by 9,654.6% during the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after buying an additional 544,807 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $247.96 on Friday. The firm has a fifty day moving average of $244.18 and a 200-day moving average of $228.61. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71.

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).