Creekmur Asset Management LLC Cuts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Creekmur Asset Management LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 986 shares of the exchange traded fund’s stock after selling 168 shares during the period. Creekmur Asset Management LLC’s holdings in SPDR Gold Shares were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Romano Brothers AND Company lifted its position in SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares during the period. Delta Financial Group Inc. lifted its position in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the period. Compton Wealth Advisory Group LLC lifted its position in SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 44 shares during the period. Ballast Inc. lifted its position in SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in SPDR Gold Shares by 2.2% during the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $257.23 on Wednesday. The company’s 50 day moving average is $241.03 and its 200 day moving average is $226.94. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.23.

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).