Daiwa Securities Group Inc. Sells 1,000 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Daiwa Securities Group Inc. cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.0% during the third quarter, Holdings Channel.com reports. The firm owned 13,250 shares of the exchange traded fund’s stock after selling 1,000 shares during the quarter. Daiwa Securities Group Inc.’s holdings in SPDR Gold Shares were worth $3,221,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Semmax Financial Advisors Inc. boosted its stake 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 worth $25,000 after buying an additional 48 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares during the second quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the third quarter valued at approximately $28,000. Private Ocean LLC lifted its position in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Finally, Chris Bulman Inc bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $243.49 on Thursday. The stock’s fifty day simple moving average is $246.38 and its 200 day simple moving average is $231.18. SPDR Gold Shares has a 1-year low of $183.15 and a 1-year high of $257.71.

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).