Brookstone Capital Management Sells 34,891 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Brookstone Capital Management lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 168,498 shares of the exchange traded fund’s stock after selling 34,891 shares during the quarter. Brookstone Capital Management’s holdings in SPDR Gold Shares were worth $30,100,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GLD. Tucker Asset Management LLC acquired a new stake in SPDR Gold Shares during the 1st quarter worth $25,000. Graham Capital Wealth Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $263,837,000. Mendota Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $27,000. Freedom Wealth Alliance LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at approximately $28,000. Finally, NewSquare Capital LLC grew its position in shares of SPDR Gold Shares by 781.8% in the 1st quarter. NewSquare Capital LLC now owns 194 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD traded up $1.17 on Friday, hitting $178.34. The company’s stock had a trading volume of 5,620,888 shares, compared to its average volume of 6,954,410. SPDR Gold Shares has a fifty-two week low of $150.57 and a fifty-two week high of $191.36. The firm’s fifty day moving average price is $179.30 and its 200-day moving average price is $181.06.

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).