Kovack Advisors Inc. Sells 208 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Kovack Advisors Inc. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,583 shares of the exchange traded fund’s stock after selling 208 shares during the quarter. Kovack Advisors Inc.’s holdings in SPDR Gold Shares were worth $1,832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New England Private Wealth Advisors LLC increased its holdings in shares of SPDR Gold Shares by 45.7% in the fourth quarter. New England Private Wealth Advisors LLC now owns 7,241 shares of the exchange traded fund’s stock worth $1,384,000 after purchasing an additional 2,272 shares during the last quarter. Briaud Financial Planning Inc increased its holdings in shares of SPDR Gold Shares by 0.6% in the fourth quarter. Briaud Financial Planning Inc now owns 421,249 shares of the exchange traded fund’s stock worth $80,530,000 after purchasing an additional 2,651 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in SPDR Gold Shares by 113.6% during the fourth quarter. McClarren Financial Advisors Inc. now owns 188 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Van Cleef Asset Management Inc bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $457,000. Finally, Bank of New Hampshire increased its stake in SPDR Gold Shares by 1.0% during the fourth quarter. Bank of New Hampshire now owns 49,451 shares of the exchange traded fund’s stock worth $9,454,000 after acquiring an additional 478 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.3 %

NYSEARCA GLD traded up $0.70 during trading hours on Friday, hitting $216.62. 6,268,504 shares of the company were exchanged, compared to its average volume of 11,521,039. The stock has a 50-day moving average price of $204.56 and a 200 day moving average price of $192.42. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09.

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).