Clarus Wealth Advisors Decreases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Clarus Wealth Advisors trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,632 shares of the exchange traded fund’s stock after selling 97 shares during the quarter. SPDR Gold Shares makes up 0.9% of Clarus Wealth Advisors’ holdings, making the stock its 26th biggest position. Clarus Wealth Advisors’ holdings in SPDR Gold Shares were worth $1,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLD. Toronto Dominion Bank lifted its stake in SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after purchasing an additional 1,079,452 shares during the last quarter. Scarborough Advisors LLC grew its stake in shares of SPDR Gold Shares by 10,133.3% during the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after acquiring an additional 2,636,376 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SPDR Gold Shares by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after acquiring an additional 28,683 shares during the period. Commonwealth Equity Services LLC increased its holdings in SPDR Gold Shares by 7.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after acquiring an additional 70,290 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in SPDR Gold Shares by 6.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after acquiring an additional 54,974 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.5 %

NYSEARCA GLD opened at $241.05 on Thursday. SPDR Gold Shares has a 52 week low of $171.90 and a 52 week high of $247.37. The firm’s 50-day simple moving average is $234.46 and its two-hundred day simple moving average is $223.00.

About SPDR Gold Shares

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).