SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,605 shares of the exchange traded fund’s stock after selling 4,348 shares during the period. Mutual Advisors LLC’s holdings in SPDR Gold Shares were worth $6,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Obermeyer Wood Investment Counsel Lllp increased its stake in SPDR Gold Shares by 4.4% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after buying an additional 490 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in SPDR Gold Shares by 5.1% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock valued at $1,063,000 after purchasing an additional 239 shares in the last quarter. RDA Financial Network boosted its stake in SPDR Gold Shares by 1.8% during the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after purchasing an additional 88 shares during the last quarter. Mission Wealth Management LP boosted its stake in SPDR Gold Shares by 10.8% during the 1st quarter. Mission Wealth Management LP now owns 5,251 shares of the exchange traded fund’s stock worth $1,080,000 after purchasing an additional 512 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of SPDR Gold Shares by 32.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,784 shares of the exchange traded fund’s stock worth $10,653,000 after buying an additional 12,714 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $256.09 on Wednesday. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $256.29. The company’s 50-day moving average price is $241.03 and its 200-day moving average price is $226.94.

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).