SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Private Harbour Investment Management & Counsel LLC

Private Harbour Investment Management & Counsel LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% during the second quarter, Holdings Channel.com reports. The fund owned 8,052 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. SPDR Gold Shares accounts for 1.8% of Private Harbour Investment Management & Counsel LLC’s holdings, making the stock its 20th largest holding. Private Harbour Investment Management & Counsel LLC’s holdings in SPDR Gold Shares were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares during the first quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $27,000. Finally, Private Ocean LLC increased its position in shares of 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 acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $232.24 on Thursday. The company’s fifty day simple moving average is $226.38 and its 200-day simple moving average is $216.72. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week 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).