Ballew Advisors Inc Sells 240 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Ballew Advisors Inc decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,830 shares of the exchange traded fund’s stock after selling 240 shares during the period. Ballew Advisors Inc’s holdings in SPDR Gold Shares were worth $720,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Market Strategies LLC raised its holdings in shares of SPDR Gold Shares by 4.6% in the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 55 shares during the period. Pensionmark Financial Group LLC increased its position in SPDR Gold Shares by 1.1% in the first quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock worth $921,000 after buying an additional 55 shares during the last quarter. IAG Wealth Partners LLC raised its stake in shares of SPDR Gold Shares by 9.5% in the third quarter. IAG Wealth Partners LLC now owns 648 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 56 shares during the period. Financial Sense Advisors Inc. lifted its position in shares of SPDR Gold Shares by 2.0% during the 3rd quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock valued at $496,000 after buying an additional 56 shares during the last quarter. Finally, Inspirion Wealth Advisors LLC lifted its position in shares of SPDR Gold Shares by 0.9% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 6,080 shares of the exchange traded fund’s stock valued at $1,042,000 after buying an additional 57 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.3 %

GLD traded up $2.62 during trading hours on Thursday, hitting $205.72. The stock had a trading volume of 9,189,938 shares, compared to its average volume of 6,652,294. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $206.05. The company’s fifty day simple moving average is $192.30 and its 200 day simple moving average is $186.34.

SPDR Gold Shares 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).