WESPAC Advisors LLC Cuts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

WESPAC Advisors LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,689 shares of the exchange traded fund’s stock after selling 1,133 shares during the period. SPDR Gold Shares comprises approximately 5.7% of WESPAC Advisors LLC’s holdings, making the stock its largest holding. WESPAC Advisors LLC’s holdings in SPDR Gold Shares were worth $7,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at about $25,000. Semmax Financial Advisors Inc. boosted its position in 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 acquiring an additional 48 shares in the last quarter. Private Ocean LLC grew its holdings in shares of 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 acquiring an additional 76 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $28,000. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $29,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $249.84 on Friday. The company’s fifty day moving average price is $246.03 and its 200-day moving average price is $230.62. SPDR Gold Shares has a 12 month low of $183.15 and a 12 month 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).