Prime Capital Investment Advisors LLC Sells 639 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Prime Capital Investment Advisors LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the third quarter, Holdings Channel.com reports. The firm owned 26,147 shares of the exchange traded fund’s stock after selling 639 shares during the period. Prime Capital Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $6,355,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Romano Brothers AND Company increased its holdings in SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares during the last quarter. Delta Financial Group Inc. raised its position in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the period. Spinnaker Trust increased its stake in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the period. Compton Wealth Advisory Group LLC boosted its position in SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 44 shares during the period. Finally, Ballast Inc. grew its stake in shares of SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $240.10 on Wednesday. The business has a 50 day moving average of $244.40 and a 200 day moving average of $228.99. 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).