Sheaff Brock Investment Advisors LLC Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Sheaff Brock Investment Advisors LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,870 shares of the exchange traded fund’s stock after buying an additional 107 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. raised its holdings in 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 valued at $25,000 after buying an additional 48 shares during the period. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Private Ocean LLC raised its holdings in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the period. Finally, Chris Bulman Inc purchased a new stake in SPDR Gold Shares in the 2nd quarter valued at about $29,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.2 %

NYSEARCA GLD opened at $236.60 on Friday. The stock has a 50-day moving average of $244.95 and a two-hundred day moving average of $229.41. SPDR Gold Shares has a 1-year low of $182.23 and a 1-year high of $257.71.

SPDR Gold Shares 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).