Commonwealth Equity Services LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 420,477 shares of the exchange traded fund’s stock after selling 20,977 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SPDR Gold Shares were worth $47,413,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimension Capital Management LLC increased its stake in shares of SPDR Gold Shares by 5.1% during the 3rd quarter. Dimension Capital Management LLC now owns 26,052 shares of the exchange traded fund’s stock worth $2,938,000 after purchasing an additional 1,265 shares during the last quarter. Elephas Investment Management Ltd purchased a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $87,347,000. Flagship Harbor Advisors LLC grew its stake in SPDR Gold Shares by 56.8% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 50,970 shares of the exchange traded fund’s stock valued at $5,738,000 after buying an additional 18,472 shares in the last quarter. Regal Investment Advisors LLC grew its stake in SPDR Gold Shares by 7.3% in the 3rd quarter. Regal Investment Advisors LLC now owns 12,528 shares of the exchange traded fund’s stock valued at $1,413,000 after buying an additional 847 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in SPDR Gold Shares by 6.6% in the 3rd quarter. Brookstone Capital Management now owns 73,800 shares of the exchange traded fund’s stock valued at $8,322,000 after buying an additional 4,574 shares in the last quarter.
SPDR Gold Shares stock opened at $114.48 on Friday. SPDR Gold Shares has a 1-year low of $111.06 and a 1-year high of $129.51.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/11/commonwealth-equity-services-llc-sells-20977-shares-of-spdr-gold-shares-gld.html.
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).
Recommended Story: Fundamental Analysis – How It Helps Investors
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.