First Horizon Advisors Inc. Sells 1,857 Shares of SPDR Gold Shares (NYSEARCA:GLD)

First Horizon Advisors Inc. cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,386 shares of the exchange traded fund’s stock after selling 1,857 shares during the period. First Horizon Advisors Inc.’s holdings in SPDR Gold Shares were worth $24,400,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Semmax Financial Advisors Inc. increased its holdings in 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 purchasing an additional 48 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares during the second quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the third quarter worth $28,000. Private Ocean LLC raised its position in shares of SPDR Gold Shares by 155.1% during 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 during the last quarter. Finally, Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares during the second quarter worth $29,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $243.25 on Wednesday. SPDR Gold Shares has a twelve month low of $182.23 and a twelve month high of $257.71. The business has a fifty day moving average of $245.35 and a 200-day moving average of $230.05.

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).