Norris Perne & French LLP MI Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

Norris Perne & French LLP MI trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 960 shares of the exchange traded fund’s stock after selling 52 shares during the period. Norris Perne & French LLP MI’s holdings in SPDR Gold Shares were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares in the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. boosted its holdings in 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 during the period. Private Ocean LLC boosted its holdings in 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 buying an additional 76 shares during the period. Chris Bulman Inc bought a new position in SPDR Gold Shares in the 2nd quarter worth $29,000. Finally, EdgeRock Capital LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $37,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $253.59 on Friday. The firm has a 50-day simple moving average of $242.02 and a two-hundred day simple moving average of $227.34. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week 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).