Beacon Investment Advisory Services Inc. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 77.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,347 shares of the exchange traded fund’s stock after selling 25,665 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in SPDR Gold Shares were worth $828,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank increased its stake in shares of SPDR Gold Shares by 369.6% in the third quarter. Toronto Dominion Bank now owns 51,023,176 shares of the exchange traded fund’s stock valued at $5,753,374,000 after buying an additional 40,157,040 shares in the last quarter. Elephas Investment Management Ltd acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at $87,347,000. South Texas Money Management Ltd. acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at $88,155,000. Cornerstone Wealth Management LLC increased its stake 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 buying an additional 492,034 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of SPDR Gold Shares by 31.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,440,877 shares of the exchange traded fund’s stock valued at $162,473,000 after buying an additional 342,148 shares in the last quarter.

Shares of NYSEARCA:GLD opened at $115.67 on Tuesday. SPDR Gold Shares has a twelve month low of $111.06 and a twelve month high of $129.51.

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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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