Alta Wealth Advisors LLC Sells 46 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Alta Wealth Advisors LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 3,150 shares of the exchange traded fund’s stock after selling 46 shares during the quarter. Alta Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $766,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. City Holding Co. raised its holdings in SPDR Gold Shares by 5.6% during the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 195 shares during the last quarter. St. Johns Investment Management Company LLC raised its stake in shares of SPDR Gold Shares by 5.7% during the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock valued at $5,704,000 after acquiring an additional 1,492 shares during the last quarter. Traynor Capital Management Inc. grew its stake in shares of SPDR Gold Shares by 19.9% in the first quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 285 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in SPDR Gold Shares by 6.5% during the 1st quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock valued at $2,528,000 after purchasing an additional 751 shares during the period. Finally, Obermeyer Wood Investment Counsel Lllp raised its position in SPDR Gold Shares by 4.4% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock valued at $2,504,000 after purchasing an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1 %

Shares of GLD stock opened at $251.27 on Friday. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $251.37. The business’s 50 day moving average price is $237.71 and its 200-day moving average price is $225.03.

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).