Laurel Wealth Advisors LLC Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Laurel Wealth Advisors LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,547 shares of the exchange traded fund’s stock after selling 1,780 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Semmax Financial Advisors Inc. lifted its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the third quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the third quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.5 %

GLD opened at $247.03 on Wednesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The company has a 50 day moving average of $243.74 and a 200 day moving average of $237.81.

SPDR Gold Shares Company 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).