Peak Asset Management LLC Sells 175 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Peak Asset Management LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 950 shares of the exchange traded fund’s stock after selling 175 shares during the period. Peak Asset Management LLC’s holdings in SPDR Gold Shares were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GLD. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth about $25,000. Semmax Financial Advisors Inc. raised its position in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Private Ocean LLC lifted its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $28,000. Finally, Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares during the second quarter worth $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.0 %

Shares of GLD stock opened at $237.64 on Thursday. SPDR Gold Shares has a 12 month low of $181.31 and a 12 month high of $257.71. The stock has a 50-day moving average price of $244.59 and a 200 day moving average price of $229.15.

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).