SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 947,353 shares of the exchange traded fund’s stock after selling 60,357 shares during the period. Commonwealth Equity Services LLC’s holdings in SPDR Gold Shares were worth $230,264,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. grew its position 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 acquiring an additional 48 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares during the first quarter valued at approximately $26,000. Private Ocean LLC boosted 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 buying an additional 76 shares during the period. Finally, Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares during the second quarter worth approximately $29,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 1.1 %

GLD traded up $2.64 during trading hours on Friday, hitting $251.27. The company’s stock had a trading volume of 7,833,614 shares, compared to its average volume of 6,982,717. The company has a 50-day simple moving average of $237.71 and a 200 day simple moving average of $224.94. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $251.37.

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).