SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 28.3% during the third quarter, HoldingsChannel.com reports. The firm owned 65,156 shares of the exchange traded fund’s stock after selling 25,745 shares during the period. SPDR Gold Shares makes up approximately 1.3% of Arete Wealth Advisors LLC’s holdings, making the stock its 13th biggest holding. Arete Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $15,833,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC grew its position in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of SPDR Gold Shares by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after buying an additional 28,683 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of SPDR Gold Shares by 7.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after buying an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 6.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after buying an additional 54,974 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after purchasing an additional 100,149 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.9 %

Shares of GLD opened at $245.59 on Friday. SPDR Gold Shares has a one year low of $183.15 and a one year high of $257.71. The company’s fifty day moving average price is $246.53 and its 200 day moving average price is $231.47.

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).