Signature Estate & Investment Advisors LLC Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Signature Estate & Investment Advisors LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,906 shares of the exchange traded fund’s stock after selling 146 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $25,000. Semmax Financial Advisors Inc. boosted 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 valued at $25,000 after purchasing an additional 48 shares in the last quarter. Private Ocean LLC boosted 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 valued at $27,000 after purchasing an additional 76 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $28,000. Finally, Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.2 %

Shares of SPDR Gold Shares stock opened at $236.60 on Friday. SPDR Gold Shares has a 52-week low of $182.23 and a 52-week high of $257.71. The company has a fifty day moving average of $244.95 and a 200-day moving average of $229.41.

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).