SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,487 shares of the exchange traded fund’s stock after acquiring an additional 366 shares during the period. SPDR Gold Shares accounts for 3.9% of Petra Financial Advisors Inc.’s portfolio, making the stock its 4th largest position. Petra Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $5,952,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Romano Brothers AND Company lifted its stake in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares during the period. Delta Financial Group Inc. lifted its position in shares of SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 41 shares during the period. Compton Wealth Advisory Group LLC grew its holdings in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares in the last quarter. Ballast Inc. increased its position in shares of SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of SPDR Gold Shares by 2.2% in the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 45 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 1.4 %

GLD traded down $3.60 during trading on Thursday, reaching $253.90. 2,586,580 shares of the company’s stock were exchanged, compared to its average volume of 6,944,952. The business has a 50 day moving average price of $241.54 and a 200 day moving average price of $227.15. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week 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).