Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $6.88 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% in the third quarter, HoldingsChannel.com reports. The firm owned 28,298 shares of the exchange traded fund’s stock after selling 1,570 shares during the period. SPDR Gold Shares comprises 1.0% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ investment portfolio, making the stock its 17th largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in SPDR Gold Shares were worth $6,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Hibernia Wealth Partners LLC raised its stake in shares of SPDR Gold Shares by 5.2% in the third quarter. Hibernia Wealth Partners LLC now owns 25,584 shares of the exchange traded fund’s stock valued at $6,218,000 after purchasing an additional 1,262 shares in the last quarter. Kercheville Advisors LLC raised its stake in shares of SPDR Gold Shares by 6.6% in the third quarter. Kercheville Advisors LLC now owns 6,479 shares of the exchange traded fund’s stock valued at $1,575,000 after purchasing an additional 400 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of SPDR Gold Shares by 12.5% in the third quarter. Riggs Asset Managment Co. Inc. now owns 69,892 shares of the exchange traded fund’s stock valued at $16,988,000 after purchasing an additional 7,773 shares in the last quarter. Pointe Capital Management LLC grew its position in SPDR Gold Shares by 2.2% in the third quarter. Pointe Capital Management LLC now owns 14,187 shares of the exchange traded fund’s stock valued at $3,448,000 after acquiring an additional 312 shares during the period. Finally, Richardson Financial Services Inc. grew its position in SPDR Gold Shares by 3.5% in the third quarter. Richardson Financial Services Inc. now owns 2,143 shares of the exchange traded fund’s stock valued at $521,000 after acquiring an additional 73 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded up $0.03 during trading hours on Monday, reaching $253.35. The company had a trading volume of 668,850 shares, compared to its average volume of 6,945,611. The stock has a 50-day moving average of $240.12 and a two-hundred day moving average of $226.43. SPDR Gold Shares has a one year low of $179.11 and a one year high of $253.94.

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).