Arnhold LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, HoldingsChannel reports. The fund acquired 618,665 shares of the exchange traded fund’s stock, valued at approximately $77,822,000. SPDR Gold Shares makes up about 14.7% of Arnhold LLC’s holdings, making the stock its biggest position.

A number of other institutional investors have also recently modified their holdings of the business. Toronto Dominion Bank grew its stake in shares of SPDR Gold Shares by 92,569.7% during the first quarter. Toronto Dominion Bank now owns 18,335,633 shares of the exchange traded fund’s stock valued at $2,306,438,000 after purchasing an additional 18,315,847 shares during the last quarter. CI Investments Inc. grew its stake in shares of SPDR Gold Shares by 169.0% during the fourth quarter. CI Investments Inc. now owns 3,898,629 shares of the exchange traded fund’s stock valued at $482,065,000 after purchasing an additional 2,449,200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of SPDR Gold Shares by 7.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,438,474 shares of the exchange traded fund’s stock valued at $306,736,000 after purchasing an additional 164,858 shares during the last quarter. FormulaFolio Investments LLC grew its stake in shares of SPDR Gold Shares by 39,828.7% during the first quarter. FormulaFolio Investments LLC now owns 1,136,770 shares of the exchange traded fund’s stock valued at $142,994,000 after purchasing an additional 1,133,923 shares during the last quarter. Finally, Quantitative Investment Management LLC grew its stake in shares of SPDR Gold Shares by 521.4% during the fourth quarter. Quantitative Investment Management LLC now owns 865,000 shares of the exchange traded fund’s stock valued at $106,957,000 after purchasing an additional 725,800 shares during the last quarter.

GLD opened at $123.10 on Friday. SPDR Gold Shares has a one year low of $114.80 and a one year high of $129.51.

SPDR Gold Shares Company 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).

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

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