PPSC Investment Service Corp Has $56.78 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

PPSC Investment Service Corp increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.1% in the 4th quarter, HoldingsChannel reports. The firm owned 297,000 shares of the exchange traded fund’s stock after acquiring an additional 34,500 shares during the quarter. SPDR Gold Shares accounts for 10.8% of PPSC Investment Service Corp’s portfolio, making the stock its 4th largest holding. PPSC Investment Service Corp’s holdings in SPDR Gold Shares were worth $56,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank lifted its position in SPDR Gold Shares by 14.5% during the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock worth $799,007,000 after purchasing an additional 591,368 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 4.2% in the third quarter. First Eagle Investment Management LLC now owns 3,451,135 shares of the exchange traded fund’s stock worth $599,794,000 after acquiring an additional 137,604 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 67,584.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock worth $515,198,000 after acquiring an additional 3,032,521 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 19,989.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after acquiring an additional 2,424,904 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of SPDR Gold Shares by 0.6% in the third quarter. Mackenzie Financial Corp now owns 1,637,245 shares of the exchange traded fund’s stock worth $276,956,000 after acquiring an additional 9,005 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6 %

Shares of GLD stock traded down $1.31 on Wednesday, reaching $219.91. The company had a trading volume of 8,241,372 shares, compared to its average volume of 7,849,921. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.09. The business’s 50-day moving average is $199.63 and its 200 day moving average is $190.06.

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).