Advisory Services Network LLC Sells 2,238 Shares of SPDR Gold Shares $GLD

Advisory Services Network LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,958 shares of the exchange traded fund’s stock after selling 2,238 shares during the quarter. SPDR Gold Shares makes up about 0.5% of Advisory Services Network LLC’s holdings, making the stock its 21st biggest holding. Advisory Services Network LLC’s holdings in SPDR Gold Shares were worth $36,598,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GLD. Empirical Asset Management LLC raised its stake in SPDR Gold Shares by 256.7% during the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after buying an additional 26,197 shares during the last quarter. Colonial Trust Advisors boosted its stake in shares of SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after buying an additional 1,385 shares during the last quarter. Spirepoint Private Client LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $742,000. FAS Wealth Partners Inc. grew its holdings in shares of SPDR Gold Shares by 71.1% in the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after acquiring an additional 8,691 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of SPDR Gold Shares by 19.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock worth $12,964,000 after acquiring an additional 5,932 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.3%

NYSEARCA GLD opened at $459.27 on Wednesday. The company has a 50-day moving average price of $456.26 and a 200-day moving average price of $402.07. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70. The firm has a market capitalization of $174.57 billion, a P/E ratio of -32.43 and a beta of 0.09.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

See Also

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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