Paragon Financial Partners Inc. Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Paragon Financial Partners Inc. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,545 shares of the exchange traded fund’s stock after selling 292 shares during the period. Paragon Financial Partners Inc.’s holdings in SPDR Gold Shares were worth $616,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. lifted its stake in shares of 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 purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the third quarter worth about $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5 %

NYSEARCA:GLD opened at $254.43 on Thursday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business’s 50-day simple moving average is $244.25 and its 200 day simple moving average is $238.96.

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).