JNBA Financial Advisors Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

JNBA Financial Advisors cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 980 shares of the exchange traded fund’s stock after selling 65 shares during the quarter. JNBA Financial Advisors’ holdings in SPDR Gold Shares were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Semmax Financial Advisors Inc. lifted its holdings in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the period. Private Ocean LLC lifted its holdings in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the period. Chris Bulman Inc purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $29,000. Finally, EdgeRock Capital LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $37,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $245.72 on Thursday. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71. The stock has a 50 day moving average price of $243.51 and a 200-day moving average price of $228.24.

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).