Alesco Advisors LLC Sells 50 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Alesco Advisors LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,635 shares of the exchange traded fund’s stock after selling 50 shares during the period. Alesco Advisors LLC’s holdings in SPDR Gold Shares were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in shares of 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 worth $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after purchasing an additional 28,683 shares during the period. Commonwealth Equity Services LLC grew its holdings in SPDR Gold Shares by 7.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after buying an additional 70,290 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of SPDR Gold Shares by 6.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after buying an additional 54,974 shares during the period. Finally, Arizona PSPRS Trust bought a new stake in shares of SPDR Gold Shares during the second quarter valued at about $157,187,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $249.84 on Friday. The firm has a 50 day moving average of $246.03 and a 200-day moving average of $230.51. SPDR Gold Shares has a 12 month low of $183.15 and a 12 month high of $257.71.

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).