Hartford Financial Management Inc. bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,550 shares of the exchange traded fund’s stock, valued at approximately $303,000.
Several other institutional investors have also recently bought and sold shares of GLD. Toronto Dominion Bank grew its position in shares of SPDR Gold Shares by 92,569.7% in 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. FormulaFolio Investments LLC grew its position in shares of SPDR Gold Shares by 39,828.7% in 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. South Texas Money Management Ltd. acquired a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $88,155,000. Arnhold LLC acquired a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $77,822,000. Finally, Cornerstone Wealth Management LLC grew its position in shares of SPDR Gold Shares by 12,300.9% in the second quarter. Cornerstone Wealth Management LLC now owns 496,034 shares of the exchange traded fund’s stock valued at $4,223,000 after purchasing an additional 492,034 shares during the last quarter.
SPDR Gold Shares stock opened at $114.20 on Thursday. SPDR Gold Shares has a 12 month low of $111.06 and a 12 month high of $129.51.
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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