Ameritas Advisory Services LLC Sells 10,633 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Ameritas Advisory Services LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 26.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,002 shares of the exchange traded fund’s stock after selling 10,633 shares during the quarter. Ameritas Advisory Services LLC’s holdings in SPDR Gold Shares were worth $7,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLD. Semmax Financial Advisors Inc. grew its stake in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares in the second quarter valued at about $25,000. Private Ocean LLC grew its stake in 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 last quarter. Chris Bulman Inc purchased a new position in SPDR Gold Shares in the second quarter valued at about $29,000. Finally, Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at about $38,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD traded up $0.56 on Tuesday, hitting $253.39. The company had a trading volume of 448,059 shares, compared to its average volume of 6,937,380. The stock has a fifty day moving average price of $242.83 and a 200-day moving average price of $227.89. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $257.71.

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).