Creative Planning Sells 3,111 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Creative Planning lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 172,310 shares of the exchange traded fund’s stock after selling 3,111 shares during the period. Creative Planning owned 0.06% of SPDR Gold Shares worth $41,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. City Holding Co. raised its position in shares of SPDR Gold Shares by 5.6% in the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after buying an additional 195 shares in the last quarter. St. Johns Investment Management Company LLC raised its position in shares of SPDR Gold Shares by 5.7% in the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after buying an additional 1,492 shares in the last quarter. Traynor Capital Management Inc. raised its position in shares of SPDR Gold Shares by 19.9% in the first quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 285 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of SPDR Gold Shares by 6.5% in the first quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock worth $2,528,000 after buying an additional 751 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp raised its position in shares of SPDR Gold Shares by 4.4% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after buying an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $251.27 on Friday. The stock’s 50-day simple moving average is $237.71 and its two-hundred day simple moving average is $225.03. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $251.37.

SPDR Gold Shares Company 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).