Madden Advisory Services Inc. Has $472,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Madden Advisory Services Inc. lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,940 shares of the exchange traded fund’s stock after selling 63 shares during the quarter. Madden Advisory Services Inc.’s holdings in SPDR Gold Shares were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norden Group LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $436,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in SPDR Gold Shares by 32.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,784 shares of the exchange traded fund’s stock valued at $10,653,000 after purchasing an additional 12,714 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of SPDR Gold Shares by 3.7% in the first quarter. Daiwa Securities Group Inc. now owns 12,650 shares of the exchange traded fund’s stock valued at $2,602,000 after purchasing an additional 450 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of SPDR Gold Shares in the first quarter worth $1,065,000. Finally, Commerce Bank boosted its holdings in shares of SPDR Gold Shares by 3.4% during the 1st quarter. Commerce Bank now owns 72,200 shares of the exchange traded fund’s stock worth $14,853,000 after buying an additional 2,366 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1 %

NYSEARCA:GLD opened at $252.83 on Tuesday. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $257.71. The firm’s fifty day simple moving average is $242.83 and its 200 day simple moving average is $227.89.

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).