Balboa Wealth Partners Has $5.89 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Balboa Wealth Partners trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,226 shares of the exchange traded fund’s stock after selling 432 shares during the quarter. SPDR Gold Shares accounts for 1.5% of Balboa Wealth Partners’ holdings, making the stock its 11th biggest position. Balboa Wealth Partners’ holdings in SPDR Gold Shares were worth $5,888,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter valued at about $25,000. Semmax Financial Advisors Inc. lifted its position in shares of SPDR Gold Shares by 78.7% during 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 last quarter. Private Ocean LLC lifted its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter worth about $28,000. Finally, Chris Bulman Inc bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.3 %

SPDR Gold Shares stock opened at $237.01 on Friday. The stock has a fifty day moving average of $244.74 and a 200 day moving average of $229.21. SPDR Gold Shares has a one year low of $181.31 and a one year high of $257.71.

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).