Joule Financial LLC Sells 6,309 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Joule Financial LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,084 shares of the exchange traded fund’s stock after selling 6,309 shares during the quarter. SPDR Gold Shares makes up approximately 3.6% of Joule Financial LLC’s portfolio, making the stock its 7th largest holding. Joule Financial LLC’s holdings in SPDR Gold Shares were worth $9,986,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLD. Toronto Dominion Bank grew its stake in SPDR Gold Shares by 23.6% during the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after buying an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust purchased a new position in shares of SPDR Gold Shares during the second quarter worth approximately $157,187,000. Global Assets Advisory LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $144,269,000. Cetera Investment Advisers raised its position in SPDR Gold Shares by 461.0% in the 1st quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after purchasing an additional 577,210 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in SPDR Gold Shares by 9,654.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after purchasing an additional 544,807 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.9 %

NYSEARCA GLD traded up $2.33 during trading on Friday, reaching $250.96. The company’s stock had a trading volume of 2,445,478 shares, compared to its average volume of 6,953,569. The business’s fifty day moving average price is $237.18 and its 200-day moving average price is $224.63. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $251.27.

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).