ARS Wealth Advisors Group LLC Sells 1,315 Shares of SPDR Gold Shares $GLD

ARS Wealth Advisors Group LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 60,101 shares of the exchange traded fund’s stock after selling 1,315 shares during the period. SPDR Gold Shares accounts for approximately 2.1% of ARS Wealth Advisors Group LLC’s holdings, making the stock its 14th largest position. ARS Wealth Advisors Group LLC’s holdings in SPDR Gold Shares were worth $21,364,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLD. Brighton Jones LLC lifted its position in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its stake in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the period. Aberdeen Group plc lifted its holdings in SPDR Gold Shares by 226.6% during the 1st quarter. Aberdeen Group plc now owns 45,710 shares of the exchange traded fund’s stock valued at $13,123,000 after purchasing an additional 31,716 shares during the last quarter. Northern Trust Corp boosted its position in SPDR Gold Shares by 3.3% during the first quarter. Northern Trust Corp now owns 678,018 shares of the exchange traded fund’s stock worth $195,364,000 after purchasing an additional 21,759 shares during the period. Finally, Aviso Financial Inc. boosted its position in SPDR Gold Shares by 118.8% during the first quarter. Aviso Financial Inc. now owns 1,304 shares of the exchange traded fund’s stock worth $376,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $395.89 on Wednesday. The company has a market cap of $143.27 billion, a P/E ratio of -32.43 and a beta of 0.09. The firm’s fifty day moving average price is $379.69 and its two-hundred day moving average price is $340.08. SPDR Gold Shares has a one year low of $238.73 and a one year high of $403.30.

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).