Claro Advisors LLC Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Claro Advisors LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,334 shares of the exchange traded fund’s stock after selling 187 shares during the quarter. Claro Advisors LLC’s holdings in SPDR Gold Shares were worth $807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. boosted its holdings 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 buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the third quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the third quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the third quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its holdings in 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 valued at $39,000 after purchasing an additional 71 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 1.0 %

NYSEARCA GLD opened at $245.74 on Tuesday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The firm’s 50-day simple moving average is $243.87 and its two-hundred day simple moving average is $237.59.

SPDR Gold Shares Company Profile

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).