Financial Gravity Asset Management Inc. Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Financial Gravity Asset Management Inc. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,771 shares of the exchange traded fund’s stock after selling 451 shares during the quarter. Financial Gravity Asset Management Inc.’s holdings in SPDR Gold Shares were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Frazier Financial Advisors LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares in the first quarter worth $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares in the fourth quarter worth $27,000. Finally, Private Ocean LLC lifted its position in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.7 %

NYSEARCA:GLD opened at $230.63 on Friday. The firm’s 50-day moving average price is $225.43 and its 200-day moving average price is $215.79. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $234.01.

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).