Cambridge Advisors Inc. Sells 145 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cambridge Advisors Inc. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,127 shares of the exchange traded fund’s stock after selling 145 shares during the quarter. Cambridge Advisors Inc.’s holdings in SPDR Gold Shares were worth $757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Semmax Financial Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the third quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the third quarter worth $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares in the 3rd quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC increased its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $249.27 on Friday. The company’s 50-day moving average is $243.85 and its 200 day moving average is $238.21. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week 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).