Financial Guidance Group Inc. Sells 162 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Financial Guidance Group Inc. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,422 shares of the exchange traded fund’s stock after selling 162 shares during the quarter. SPDR Gold Shares comprises 1.2% of Financial Guidance Group Inc.’s holdings, making the stock its 25th largest holding. Financial Guidance Group Inc.’s holdings in SPDR Gold Shares were worth $2,047,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC grew its holdings in shares of SPDR Gold Shares by 42.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,474 shares of the exchange traded fund’s stock valued at $1,949,000 after buying an additional 2,818 shares during the last quarter. Signet Financial Management LLC acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $231,000. Wealth Enhancement Advisory Services LLC boosted its stake in SPDR Gold Shares by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,828 shares of the exchange traded fund’s stock valued at $32,880,000 after purchasing an additional 1,467 shares during the last quarter. Hengehold Capital Management LLC raised its stake in shares of SPDR Gold Shares by 3.9% in the first quarter. Hengehold Capital Management LLC now owns 1,340 shares of the exchange traded fund’s stock worth $276,000 after purchasing an additional 50 shares during the last quarter. Finally, Capital Asset Advisory Services LLC lifted its holdings in shares of SPDR Gold Shares by 19.6% in the first quarter. Capital Asset Advisory Services LLC now owns 2,037 shares of the exchange traded fund’s stock valued at $438,000 after purchasing an additional 334 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.8 %

Shares of NYSEARCA:GLD opened at $252.76 on Friday. The business’s 50 day moving average is $239.18 and its 200 day moving average is $225.85. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $253.94.

SPDR Gold Shares Profile

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).