CoreCap Advisors LLC Purchases Shares of 29,062 SPDR Gold Shares (NYSEARCA:GLD)

CoreCap Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,062 shares of the exchange traded fund’s stock, valued at approximately $6,249,000. SPDR Gold Shares comprises 0.6% of CoreCap Advisors LLC’s holdings, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in GLD. Scarborough Advisors LLC lifted its stake in SPDR Gold Shares by 10,133.3% during the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares during the last quarter. Toronto Dominion Bank lifted its position 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 buying an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $157,187,000. Global Assets Advisory LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $144,269,000. Finally, GLOBALT Investments LLC GA purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at $124,066,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $236.33 on Friday. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $236.45. The firm has a fifty day moving average price of $226.74 and a 200 day moving average price of $216.85.

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).