Valmark Advisers Inc. Has $1.48 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Valmark Advisers Inc. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,106 shares of the exchange traded fund’s stock after selling 693 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR Gold Shares were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Romano Brothers AND Company raised its stake in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares during the last quarter. Clarus Group Inc. increased its holdings in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares during the period. Magnus Financial Group LLC increased its holdings in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares during the period. Gradient Capital Advisors LLC increased its holdings in SPDR Gold Shares by 0.7% in the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 42 shares during the period. Finally, Spinnaker Trust increased its holdings in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $266.29 on Monday. The company’s fifty day moving average price is $250.74 and its two-hundred day moving average price is $243.72. SPDR Gold Shares has a 52-week low of $184.84 and a 52-week high of $270.39.

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).