Daiwa Securities Group Inc. Has $3.22 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Daiwa Securities Group Inc. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,250 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Daiwa Securities Group Inc.’s holdings in SPDR Gold Shares were worth $3,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. raised its holdings in SPDR Gold Shares by 78.7% in the second 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 period. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares during the second quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the third quarter worth about $28,000. Private Ocean LLC lifted its holdings in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $29,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $243.49 on Thursday. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week high of $257.71. The company’s 50 day moving average price is $246.38 and its two-hundred day moving average price is $231.18.

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).