M Holdings Securities Inc. Sells 1,770 Shares of SPDR Gold Shares (NYSEARCA:GLD)

M Holdings Securities Inc. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,494 shares of the exchange traded fund’s stock after selling 1,770 shares during the period. SPDR Gold Shares comprises 1.0% of M Holdings Securities Inc.’s investment portfolio, making the stock its 24th biggest position. M Holdings Securities Inc.’s holdings in SPDR Gold Shares were worth $4,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of GLD. International Assets Investment Management LLC grew its holdings in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Arizona PSPRS Trust purchased a new stake in SPDR Gold Shares in the 2nd quarter worth about $157,187,000. Cetera Investment Advisers raised its stake in SPDR Gold Shares by 461.0% in the 1st quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after acquiring an additional 577,210 shares during the period. Strategic Financial Concepts LLC lifted its holdings in SPDR Gold Shares by 9,654.6% during the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after purchasing an additional 544,807 shares during the last quarter. Finally, Granite Bay Wealth Management LLC boosted its position in SPDR Gold Shares by 25,320.8% during the second quarter. Granite Bay Wealth Management LLC now owns 516,551 shares of the exchange traded fund’s stock worth $111,854,000 after purchasing an additional 514,519 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $249.84 on Friday. The company’s 50 day moving average is $246.03 and its 200-day moving average is $230.51. SPDR Gold Shares has a 12-month low of $183.15 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).