Shares of SPDR Gold (NYSEARCA:GLD) had its position reduced by Deane Retirement Strategies Inc.

Deane Retirement Strategies Inc. lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,830 shares of the exchange traded fund’s stock after selling 130 shares during the period. SPDR Gold Shares makes up 2.2% of Deane Retirement Strategies Inc.’s holdings, making the stock its 11th largest holding. Deane Retirement Strategies Inc.’s holdings in SPDR Gold Shares were worth $4,578,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the second quarter worth approximately $25,000. Semmax Financial Advisors Inc. lifted its position in shares of SPDR Gold by 78.7% in the second 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. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the first quarter valued at $26,000. Private Ocean LLC grew its position in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares in the that period. Finally, Security National Bank bought a new stake in shares of SPDR Gold Shares in the first quarter worth $28,000. 42.19% of shares are owned by institutional investors and hedge funds.

SPDR Gold shares fell 0.1%

Shares of GLD opened at $245.49 on Friday. The stock has a 50-day simple moving average of $232.81 and a 200-day simple moving average of $221.68. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $247.37.

SPDR Gold Shares Company Profile

(Free report)

SPDR Gold Trust (the Trust) is an investment trust. The Trust’s investment objective is for the Shares to reflect the price performance of gold bullion, less the Trust’s expenses. The business of the Trust is gold investment. The Trust creates and redeems shares from time to time, but in one or more baskets (a basket is equal to a block of 100,000 shares).

Further reading

Want to see what other hedge funds own GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).

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