Ballew Advisors Inc Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Ballew Advisors Inc reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,830 shares of the exchange traded fund’s stock after selling 240 shares during the period. Ballew Advisors Inc’s holdings in SPDR Gold Shares were worth $720,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Market Strategies LLC raised its position in shares of SPDR Gold Shares by 4.6% during the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 55 shares during the period. Pensionmark Financial Group LLC grew its position in SPDR Gold Shares by 1.1% during the 1st quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock worth $921,000 after purchasing an additional 55 shares in the last quarter. IAG Wealth Partners LLC lifted its position in shares of SPDR Gold Shares by 9.5% in the third quarter. IAG Wealth Partners LLC now owns 648 shares of the exchange traded fund’s stock worth $111,000 after purchasing an additional 56 shares in the last quarter. Financial Sense Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 2.0% during the third quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock worth $496,000 after acquiring an additional 56 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC boosted its holdings in SPDR Gold Shares by 0.9% in the third quarter. Inspirion Wealth Advisors LLC now owns 6,080 shares of the exchange traded fund’s stock worth $1,042,000 after purchasing an additional 57 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD traded up $2.62 during midday trading on Thursday, reaching $205.72. The company’s stock had a trading volume of 9,189,938 shares, compared to its average volume of 6,652,294. The company has a fifty day simple moving average of $192.30 and a 200 day simple moving average of $186.34. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $206.05.

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).