SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Cut by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,917 shares of the exchange traded fund’s stock after selling 322 shares during the quarter. SPDR Gold Shares comprises about 3.6% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 2nd largest position. Richard C. Young & CO. LTD.’s holdings in SPDR Gold Shares were worth $33,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares in the second quarter worth about $25,000. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Private Ocean LLC grew its holdings in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth about $28,000. Finally, Chris Bulman Inc bought a new position in shares of SPDR Gold Shares in the second quarter worth about $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $236.59 on Monday. The company’s 50-day moving average price is $244.95 and its 200-day moving average price is $229.64. SPDR Gold Shares has a 12 month low of $182.23 and a 12 month high of $257.71.

About SPDR Gold Shares

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).