Schaper Benz & Wise Investment Counsel Inc. WI Has $1.14 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Schaper Benz & Wise Investment Counsel Inc. WI lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,680 shares of the exchange traded fund’s stock after selling 250 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in SPDR Gold Shares were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Toronto Dominion Bank grew its stake in shares of SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after buying an additional 1,079,452 shares in the last quarter. Envestnet Asset Management Inc. increased its stake 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 worth $242,732,000 after purchasing an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC increased 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 purchasing an additional 70,290 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of 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 valued at $184,474,000 after purchasing an additional 54,974 shares during the period. Finally, Arizona PSPRS Trust acquired 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 Trading Up 1.1 %

SPDR Gold Shares stock opened at $251.27 on Friday. The stock has a 50-day simple moving average of $237.71 and a 200 day simple moving average of $225.03. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $251.37.

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).