Assetmark Inc. Sells 897,236 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Assetmark Inc. trimmed its position in SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 100.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 188 shares of the exchange traded fund’s stock after selling 897,236 shares during the quarter. Assetmark Inc.’s holdings in SPDR Gold Shares were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in SPDR Gold Shares in the second quarter valued at approximately $25,000. Norwood Financial Corp lifted its holdings in shares of SPDR Gold Shares by 183.3% in the 3rd quarter. Norwood Financial Corp now owns 170 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 110 shares in the last quarter. CNB Bank grew its position in SPDR Gold Shares by 1,363.6% in the 2nd quarter. CNB Bank now owns 161 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 150 shares during the period. HBC Financial Services PLLC increased its stake in SPDR Gold Shares by 600.0% during the 3rd quarter. HBC Financial Services PLLC now owns 175 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in SPDR Gold Shares by 73.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 165 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 70 shares during the last quarter. 37.94% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.3 %

Shares of NYSEARCA GLD opened at $179.29 on Monday. The company has a 50-day moving average price of $168.67 and a 200-day moving average price of $162.41. SPDR Gold Shares has a 1 year low of $150.57 and a 1 year high of $193.30.

About SPDR Gold Shares

(Get Rating)

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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