Claro Advisors LLC Sells 623 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Claro Advisors LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,521 shares of the exchange traded fund’s stock after selling 623 shares during the period. Claro Advisors LLC’s holdings in SPDR Gold Shares were worth $856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GLD. International Assets Investment Management LLC lifted its position in shares of SPDR Gold Shares by 21,571.1% during 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 buying an additional 3,010,682 shares during the last quarter. Toronto Dominion Bank raised its position in SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after purchasing an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust bought a new position in SPDR Gold Shares in the second quarter valued at about $157,187,000. Cetera Investment Advisers raised its position in SPDR Gold Shares by 461.0% in the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after purchasing an additional 577,210 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its position in SPDR Gold Shares by 9,654.6% in the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after purchasing an additional 544,807 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Down 0.2 %

SPDR Gold Shares stock opened at $236.59 on Monday. SPDR Gold Shares has a 12 month low of $182.23 and a 12 month high of $257.71. The stock has a 50-day moving average price of $244.95 and a two-hundred day moving average price of $229.64.

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).