Brookstone Capital Management Sells 19,249 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Brookstone Capital Management lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,443 shares of the exchange traded fund’s stock after selling 19,249 shares during the quarter. Brookstone Capital Management’s holdings in SPDR Gold Shares were worth $29,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in GLD. Semmax Financial Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 78.7% in 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 in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD traded down $2.06 on Monday, hitting $246.15. 3,118,360 shares of the company were exchanged, compared to its average volume of 5,910,690. The firm has a fifty day simple moving average of $244.01 and a two-hundred day simple moving average of $237.37. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month 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).