SPDR Gold Shares (NYSEARCA:GLD) Stake Lowered by Narus Financial Partners LLC

Narus Financial Partners LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 20,233 shares of the exchange traded fund’s stock after selling 164 shares during the quarter. SPDR Gold Shares comprises about 1.8% of Narus Financial Partners LLC’s holdings, making the stock its 2nd biggest position. Narus Financial Partners LLC’s holdings in SPDR Gold Shares were worth $4,918,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. St. Johns Investment Management Company LLC grew its position in SPDR Gold Shares by 5.7% in the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after acquiring an additional 1,492 shares in the last quarter. Traynor Capital Management Inc. lifted its stake in shares of SPDR Gold Shares by 19.9% in the 1st quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 285 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in SPDR Gold Shares by 6.5% in the first quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock worth $2,528,000 after purchasing an additional 751 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp increased its position in SPDR Gold Shares by 4.4% during the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after buying an additional 490 shares during the last quarter. Finally, Crane Advisory LLC raised its holdings in SPDR Gold Shares by 16.5% during the first quarter. Crane Advisory LLC now owns 1,837 shares of the exchange traded fund’s stock valued at $389,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of NYSEARCA:GLD opened at $251.27 on Monday. The business has a 50-day moving average of $237.71 and a two-hundred day moving average of $225.12. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $251.37.

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).