Advisor Resource Council Reduces Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Advisor Resource Council lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 36.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,679 shares of the exchange traded fund’s stock after selling 3,820 shares during the period. SPDR Gold Shares comprises about 0.7% of Advisor Resource Council’s holdings, making the stock its 28th largest position. Advisor Resource Council’s holdings in SPDR Gold Shares were worth $1,623,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $25,000. Semmax Financial Advisors Inc. raised its holdings in shares of 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 buying an additional 48 shares during the period. Private Ocean LLC grew its stake in shares of SPDR Gold Shares by 155.1% during the second 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. Chris Bulman Inc acquired a new stake in SPDR Gold Shares in the second quarter valued at $29,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth $37,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $245.72 on Thursday. The company has a 50-day simple moving average of $243.51 and a 200-day simple moving average of $228.24. SPDR Gold Shares has a one year low of $179.11 and a one year high of $257.71.

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).