Elevated Capital Advisors LLC Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Elevated Capital Advisors LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,048 shares of the exchange traded fund’s stock after selling 272 shares during the quarter. Elevated Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GLD. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares during the second quarter worth $25,000. Semmax Financial Advisors Inc. boosted its stake in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the period. Northwest Investment Counselors LLC purchased a new position in SPDR Gold Shares during the first quarter worth $26,000. Private Ocean LLC boosted its stake in 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 buying an additional 76 shares during the period. 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 hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.3 %

NYSEARCA:GLD opened at $253.15 on Wednesday. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $253.94. The stock has a fifty day simple moving average of $238.69 and a 200-day simple moving average of $225.67.

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).