Kingsview Wealth Management LLC Sells 1,020 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Kingsview Wealth Management LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 38,438 shares of the exchange traded fund’s stock after selling 1,020 shares during the period. Kingsview Wealth Management LLC’s holdings in SPDR Gold Shares were worth $9,343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Cerity Partners LLC lifted its holdings in SPDR Gold Shares by 10.3% during the third quarter. Cerity Partners LLC now owns 440,649 shares of the exchange traded fund’s stock worth $107,104,000 after acquiring an additional 41,025 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in SPDR Gold Shares by 4.8% during the third quarter. Great Valley Advisor Group Inc. now owns 39,104 shares of the exchange traded fund’s stock worth $9,505,000 after acquiring an additional 1,799 shares in the last quarter. Certified Advisory Corp lifted its holdings in SPDR Gold Shares by 2.6% during the third quarter. Certified Advisory Corp now owns 9,542 shares of the exchange traded fund’s stock worth $2,319,000 after acquiring an additional 242 shares in the last quarter. Flagstar Advisors Inc. lifted its holdings in SPDR Gold Shares by 2.6% during the third quarter. Flagstar Advisors Inc. now owns 9,118 shares of the exchange traded fund’s stock worth $2,216,000 after acquiring an additional 229 shares in the last quarter. Finally, Camden National Bank raised its stake in shares of SPDR Gold Shares by 2.4% in the 3rd quarter. Camden National Bank now owns 3,814 shares of the exchange traded fund’s stock valued at $927,000 after purchasing an additional 90 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $249.84 on Friday. The business’s 50-day moving average price is $246.03 and its two-hundred day moving average price is $230.51. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year 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).