BSW Wealth Partners Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

BSW Wealth Partners cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,031 shares of the exchange traded fund’s stock after selling 308 shares during the quarter. BSW Wealth Partners’ holdings in SPDR Gold Shares were worth $737,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLD. Norden Group LLC purchased a new stake in SPDR Gold Shares during the first quarter worth approximately $436,000. Mirae Asset Global Investments Co. Ltd. boosted its position in SPDR Gold Shares by 32.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,784 shares of the exchange traded fund’s stock worth $10,653,000 after purchasing an additional 12,714 shares during the period. Choreo LLC increased its holdings in SPDR Gold Shares by 1.5% in the 1st quarter. Choreo LLC now owns 11,241 shares of the exchange traded fund’s stock valued at $2,312,000 after purchasing an additional 164 shares in the last quarter. BNP Paribas purchased a new position in SPDR Gold Shares in the first quarter valued at about $1,454,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of SPDR Gold Shares by 3.7% during the first quarter. Daiwa Securities Group Inc. now owns 12,650 shares of the exchange traded fund’s stock worth $2,602,000 after purchasing an additional 450 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock traded down $1.04 during trading hours on Friday, reaching $252.47. The company had a trading volume of 6,473,012 shares, compared to its average volume of 6,144,139. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.71. The stock’s fifty day simple moving average is $242.43 and its 200 day simple moving average is $227.60.

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).