Hilltop Holdings Inc. Buys 18,537 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Hilltop Holdings Inc. raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 24.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 93,996 shares of the exchange traded fund’s stock after purchasing an additional 18,537 shares during the period. SPDR Gold Shares accounts for approximately 1.5% of Hilltop Holdings Inc.’s portfolio, making the stock its 3rd largest position. Hilltop Holdings Inc.’s holdings in SPDR Gold Shares were worth $22,847,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GLD. International Assets Investment Management LLC raised its holdings in shares of 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 valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Gold Shares by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after buying an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of SPDR Gold Shares by 7.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after acquiring an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in SPDR Gold Shares by 6.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after acquiring an additional 54,974 shares during the last quarter. Finally, Arizona PSPRS Trust bought a new stake in SPDR Gold Shares in the 2nd quarter valued at about $157,187,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $245.59 on Monday. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71. The company’s fifty day simple moving average is $246.53 and its two-hundred day simple moving average is $231.64.

SPDR Gold Shares 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).