Sunbelt Securities Inc. Sells 109 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sunbelt Securities Inc. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.0% in the first quarter, HoldingsChannel reports. The fund owned 2,071 shares of the exchange traded fund’s stock after selling 109 shares during the period. Sunbelt Securities Inc.’s holdings in SPDR Gold Shares were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in GLD. SMI Advisory Services LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $479,000. First Dallas Securities Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter worth about $309,000. Waverly Advisors LLC boosted its holdings in SPDR Gold Shares by 9.0% in the 3rd quarter. Waverly Advisors LLC now owns 1,799 shares of the exchange traded fund’s stock valued at $309,000 after purchasing an additional 148 shares during the period. NCM Capital Management LLC boosted its holdings in SPDR Gold Shares by 25.0% in the 3rd quarter. NCM Capital Management LLC now owns 2,050 shares of the exchange traded fund’s stock valued at $351,000 after purchasing an additional 410 shares during the period. Finally, Fairhaven Wealth Management LLC grew its position in shares of SPDR Gold Shares by 18.3% during the 3rd quarter. Fairhaven Wealth Management LLC now owns 1,771 shares of the exchange traded fund’s stock worth $304,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.9 %

Shares of GLD opened at $212.64 on Thursday. The firm’s 50 day moving average is $216.57 and its 200-day moving average is $202.31. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.66.

SPDR Gold Shares Company 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).