Dover Advisors LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 10.1% in the third quarter, Holdings Channel reports. The firm owned 2,035 shares of the exchange traded fund’s stock after selling 228 shares during the period. Dover Advisors LLC’s holdings in SPDR Gold Shares were worth $495,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $25,000. Semmax Financial Advisors Inc. increased its holdings in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $26,000. Private Ocean LLC increased its holdings in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Security National Bank acquired a new stake in SPDR Gold Shares in the 1st quarter valued at approximately $28,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
GLD traded up $0.83 during midday trading on Tuesday, reaching $245.90. The company’s stock had a trading volume of 5,636,736 shares, compared to its average volume of 6,995,424. The company has a fifty day simple moving average of $235.65 and a 200 day simple moving average of $224.02. SPDR Gold Shares has a twelve month low of $177.54 and a twelve month high of $247.37.
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).
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