Smart Portfolios LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Smart Portfolios LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 57.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,830 shares of the exchange traded fund’s stock after selling 6,404 shares during the period. SPDR Gold Shares comprises about 1.2% of Smart Portfolios LLC’s investment portfolio, making the stock its 24th biggest holding. Smart Portfolios LLC’s holdings in SPDR Gold Shares were worth $1,174,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Spinnaker Trust grew its stake in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares in the last quarter. American Capital Advisory LLC boosted its stake in shares of SPDR Gold Shares by 2.3% during the 3rd quarter. American Capital Advisory LLC now owns 5,369 shares of the exchange traded fund’s stock valued at $1,305,000 after buying an additional 122 shares during the last quarter. Maia Wealth LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter worth approximately $72,000. Centennial Wealth Advisory LLC increased its stake in shares of SPDR Gold Shares by 2.7% in the third quarter. Centennial Wealth Advisory LLC now owns 8,395 shares of the exchange traded fund’s stock worth $2,041,000 after buying an additional 219 shares during the last quarter. Finally, Financial Security Advisor Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter worth $226,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 2.5 %

NYSEARCA GLD traded down $6.30 during trading hours on Wednesday, reaching $247.10. 7,400,722 shares of the company traded hands, compared to its average volume of 6,963,536. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $257.71. The company has a 50 day moving average of $243.23 and a two-hundred day moving average of $228.11.

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).