Ballew Advisors Inc Sells 2,800 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Ballew Advisors Inc trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 75.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 900 shares of the exchange traded fund’s stock after selling 2,800 shares during the quarter. Ballew Advisors Inc’s holdings in SPDR Gold Shares were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GLD. Toronto Dominion Bank lifted its position in SPDR Gold Shares by 23.6% during the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after buying an additional 1,079,452 shares in the last quarter. Arizona PSPRS Trust acquired a new position in shares of SPDR Gold Shares during the second quarter worth approximately $157,187,000. Global Assets Advisory LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth approximately $144,269,000. Cetera Investment Advisers increased its stake in shares of 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 buying an additional 577,210 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in shares of 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 worth $1,184,000 after acquiring an additional 544,807 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of GLD opened at $245.47 on Friday. The stock’s fifty day simple moving average is $235.20 and its 200-day simple moving average is $223.60. SPDR Gold Shares has a 12-month low of $173.24 and a 12-month high of $247.37.

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).