Brookstone Capital Management Sells 19,249 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Brookstone Capital Management decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 13.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 121,443 shares of the exchange traded fund’s stock after selling 19,249 shares during the quarter. Brookstone Capital Management’s holdings in SPDR Gold Shares were worth $29,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC raised its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.8 %

Shares of GLD stock traded down $2.06 on Monday, hitting $246.15. 3,118,360 shares of the stock traded hands, compared to its average volume of 5,910,690. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The firm has a 50 day simple moving average of $244.01 and a two-hundred day simple moving average of $237.37.

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).