SPDR Gold Shares (NYSEARCA:GLD) Holdings Decreased by Smart Portfolios LLC

Smart Portfolios LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 57.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,830 shares of the exchange traded fund’s stock after selling 6,404 shares during the period. SPDR Gold Shares comprises approximately 1.2% of Smart Portfolios LLC’s holdings, making the stock its 24th largest holding. Smart Portfolios LLC’s holdings in SPDR Gold Shares were worth $1,174,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares in the second quarter valued at approximately $25,000. Semmax Financial Advisors Inc. boosted its position 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 during the period. Private Ocean LLC grew its stake in SPDR Gold Shares by 155.1% during the 2nd 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 last quarter. Chris Bulman Inc acquired a new stake in SPDR Gold Shares in the second quarter worth $29,000. Finally, EdgeRock Capital LLC acquired a new stake in SPDR Gold Shares in the second quarter worth $37,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD traded down $6.30 during midday trading on Wednesday, hitting $247.10. 7,400,722 shares of the stock traded hands, compared to its average volume of 6,963,536. The business’s 50 day moving average price is $243.23 and its two-hundred day moving average price is $228.11. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $257.71.

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).