Creative Planning Sells 3,111 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Creative Planning cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% during the 3rd quarter, Holdings Channel reports. The firm owned 172,310 shares of the exchange traded fund’s stock after selling 3,111 shares during the period. Creative Planning’s holdings in SPDR Gold Shares were worth $41,882,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Semmax Financial Advisors Inc. boosted its position in 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 valued at $25,000 after acquiring an additional 48 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares during the 1st quarter valued at approximately $26,000. Private Ocean LLC boosted its position in 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 acquiring an additional 76 shares in the last quarter. Finally, Chris Bulman Inc bought a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $29,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.1 %

SPDR Gold Shares stock opened at $251.27 on Friday. The stock’s 50 day simple moving average is $237.71 and its two-hundred day simple moving average is $225.03. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $251.37.

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).