NavPoint Financial Inc. Sells 232 Shares of SPDR Gold Shares (NYSEARCA:GLD)

NavPoint Financial Inc. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,212 shares of the exchange traded fund’s stock after selling 232 shares during the quarter. SPDR Gold Shares makes up approximately 1.5% of NavPoint Financial Inc.’s portfolio, making the stock its 18th largest holding. NavPoint Financial Inc.’s holdings in SPDR Gold Shares were worth $1,766,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares during the second quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new position in SPDR Gold Shares during the fourth quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares during the first quarter worth about $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares during the fourth quarter worth about $27,000. Finally, Security National Bank bought a new position in SPDR Gold Shares during the first quarter worth about $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded up $0.63 on Tuesday, reaching $233.39. 4,430,259 shares of the company’s stock were exchanged, compared to its average volume of 7,154,070. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $234.01. The stock has a fifty day simple moving average of $222.48 and a 200-day simple moving average of $213.12.

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).