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

Sequoia Financial Advisors LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.3% during the third quarter, Holdings Channel.com reports. The firm owned 464,274 shares of the exchange traded fund’s stock after selling 42,178 shares during the quarter. SPDR Gold Shares accounts for approximately 1.2% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 11th biggest position. Sequoia Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $112,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. raised its stake 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 worth $25,000 after buying an additional 48 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $26,000. Private Ocean LLC grew its stake in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $29,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.8 %

GLD stock traded up $1.95 on Tuesday, hitting $253.17. 2,978,252 shares of the company’s stock traded hands, compared to its average volume of 6,973,426. The stock has a fifty day moving average of $238.17 and a 200-day moving average of $225.40. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $253.50.

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).