Farrell Financial LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Farrell Financial LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,012 shares of the exchange traded fund’s stock after selling 65 shares during the period. Farrell Financial LLC’s holdings in SPDR Gold Shares were worth $245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLD. Romano Brothers AND Company grew its position in shares of SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after acquiring an additional 40 shares during the period. Delta Financial Group Inc. lifted its position in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares in the last quarter. Spinnaker Trust lifted its position in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC lifted its holdings in SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 44 shares in the last quarter. Finally, Acorn Wealth Advisors LLC boosted its holdings in SPDR Gold Shares by 1.4% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 44 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.5 %

NYSEARCA:GLD opened at $253.13 on Wednesday. The stock has a 50-day moving average price of $243.99 and a 200 day moving average price of $238.73. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71.

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).