SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. trimmed its position in SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 8.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,835 shares of the exchange traded fund’s stock after selling 750 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in SPDR Gold Shares were worth $1,319,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GLD. Hanson & Doremus Investment Management raised its holdings in shares of SPDR Gold Shares by 0.6% during the first quarter. Hanson & Doremus Investment Management now owns 10,351 shares of the exchange traded fund’s stock valued at $1,870,000 after acquiring an additional 57 shares during the period. Schneider Downs Wealth Management Advisors LP raised its stake in SPDR Gold Shares by 0.9% during the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 6,260 shares of the exchange traded fund’s stock valued at $1,131,000 after purchasing an additional 58 shares during the last quarter. Meridian Wealth Partners LLC raised its stake in shares of SPDR Gold Shares by 3.3% in the 1st quarter. Meridian Wealth Partners LLC now owns 1,904 shares of the exchange traded fund’s stock valued at $344,000 after buying an additional 60 shares in the last quarter. Courage Miller Partners LLC raised its stake in shares of SPDR Gold Shares by 3.7% in the 1st quarter. Courage Miller Partners LLC now owns 1,775 shares of the exchange traded fund’s stock valued at $321,000 after buying an additional 63 shares in the last quarter. Finally, Spinnaker Trust grew its holdings in shares of SPDR Gold Shares by 1.7% in the 1st quarter. Spinnaker Trust now owns 3,794 shares of the exchange traded fund’s stock worth $685,000 after purchasing an additional 64 shares during the last quarter. 40.89% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.4 %

Shares of NYSEARCA GLD traded down $2.23 during mid-day trading on Friday, hitting $153.47. The company’s stock had a trading volume of 186,196 shares, compared to its average volume of 5,566,600. SPDR Gold Shares has a one year low of $154.01 and a one year high of $193.30. The company’s fifty day simple moving average is $161.36 and its 200-day simple moving average is $170.22.

SPDR Gold Shares Company Profile

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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).

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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDGet Rating).

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

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