Calton & Associates Inc. Sells 1,626 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Calton & Associates Inc. decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,928 shares of the exchange traded fund’s stock after selling 1,626 shares during the period. Calton & Associates Inc.’s holdings in SPDR Gold Shares were worth $1,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. boosted its position in shares of SPDR Gold Shares by 78.7% in the 2nd 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. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $26,000. Private Ocean LLC boosted its position in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Chris Bulman Inc purchased a new stake in SPDR Gold Shares during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD traded up $1.86 during mid-day trading on Tuesday, reaching $253.08. 278,003 shares of the company traded hands, compared to its average volume of 6,961,140. The company’s fifty day moving average price is $238.17 and its 200-day moving average price is $225.40. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $253.17.

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).