Total Investment Management Inc. Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Total Investment Management Inc. lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,696 shares of the exchange traded fund’s stock after selling 3,667 shares during the period. SPDR Gold Shares makes up approximately 6.7% of Total Investment Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Total Investment Management Inc. owned approximately 0.08% of SPDR Gold Shares worth $59,476,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GLD. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at about $25,000. Semmax Financial Advisors Inc. increased its position in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the period. Private Ocean LLC boosted its holdings in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Finally, Chris Bulman Inc bought a new position in SPDR Gold Shares in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.4 %

Shares of GLD stock opened at $241.11 on Tuesday. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.71. The stock has a fifty day simple moving average of $244.40 and a two-hundred day simple moving average of $228.99.

SPDR Gold Shares 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).