ETF Store Inc. Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

ETF Store Inc. reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,287 shares of the exchange traded fund’s stock after selling 75 shares during the period. ETF Store Inc.’s holdings in SPDR Gold Shares were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $26,000. Private Ocean LLC grew its holdings in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $26,000. Finally, Security National Bank purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $28,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $232.26 on Friday. The stock’s fifty day moving average price is $225.12 and its 200-day moving average price is $215.28. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $234.01.

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).