ARQ Wealth Advisors LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,444 shares of the exchange traded fund’s stock, valued at approximately $362,000.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in SPDR Gold Shares by 210.3% in the first quarter. BlackRock Inc. now owns 7,954,239 shares of the exchange traded fund’s stock valued at $1,177,625,000 after buying an additional 5,390,754 shares in the last quarter. Toronto Dominion Bank boosted its stake in SPDR Gold Shares by 25.0% in the fourth quarter. Toronto Dominion Bank now owns 3,949,056 shares of the exchange traded fund’s stock valued at $564,320,000 after buying an additional 788,859 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in SPDR Gold Shares by 31.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,522,775 shares of the exchange traded fund’s stock valued at $217,605,000 after buying an additional 360,629 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in SPDR Gold Shares by 252.3% in the first quarter. Bank of New York Mellon Corp now owns 1,246,409 shares of the exchange traded fund’s stock valued at $184,530,000 after buying an additional 892,603 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in SPDR Gold Shares by 36.4% in the first quarter. Commonwealth Equity Services LLC now owns 971,371 shares of the exchange traded fund’s stock valued at $143,811,000 after buying an additional 259,208 shares in the last quarter.

NYSEARCA:GLD traded down $3.03 during trading hours on Wednesday, hitting $159.57. The company’s stock had a trading volume of 1,651,935 shares, compared to its average volume of 13,541,858. The stock has a fifty day simple moving average of $161.55 and a 200-day simple moving average of $149.86. SPDR Gold Shares has a twelve month low of $123.90 and a twelve month high of $164.96.

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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