SPDR Gold Shares (NYSEARCA:GLD) Stake Decreased by ABLE Financial Group LLC

ABLE Financial Group LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,704 shares of the exchange traded fund’s stock after selling 10,432 shares during the quarter. SPDR Gold Shares accounts for 1.8% of ABLE Financial Group LLC’s investment portfolio, making the stock its 17th biggest position. ABLE Financial Group LLC’s holdings in SPDR Gold Shares were worth $5,761,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Semmax Financial Advisors Inc. raised its holdings in SPDR Gold Shares by 78.7% during 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 in the last quarter. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the second quarter worth approximately $25,000. Private Ocean LLC raised its holdings in SPDR Gold Shares by 155.1% during 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 in the last quarter. Chris Bulman Inc bought a new stake in SPDR Gold Shares during the second quarter worth approximately $29,000. Finally, Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the third quarter worth approximately $35,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.5 %

SPDR Gold Shares stock traded down $1.33 during mid-day trading on Friday, hitting $248.32. The company’s stock had a trading volume of 1,536,538 shares, compared to its average volume of 6,982,866. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.71. The stock’s fifty day moving average price is $243.51 and its two-hundred day moving average price is $228.24.

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).