Black Diamond Financial LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Black Diamond Financial LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 75.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,696 shares of the exchange traded fund’s stock after selling 11,493 shares during the period. Black Diamond Financial LLC’s holdings in SPDR Gold Shares were worth $898,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter worth approximately $25,000. Semmax Financial Advisors Inc. grew its holdings 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 buying an additional 48 shares in the last quarter. Private Ocean LLC grew its holdings 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 in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $28,000. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares in the second quarter worth about $29,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.3 %

Shares of NYSEARCA GLD opened at $237.01 on Friday. SPDR Gold Shares has a 12-month low of $181.31 and a 12-month high of $257.71. The company has a 50-day moving average of $244.74 and a 200 day moving average of $229.21.

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).