SPDR Gold Shares (NYSEARCA:GLD) Stock Price Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of SPDR Gold Shares (NYSEARCA:GLD) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $235.51 and traded as high as $241.08. SPDR Gold Shares shares last traded at $240.63, with a volume of 3,514,579 shares trading hands.

SPDR Gold Shares Stock Performance

The business’s 50-day moving average is $245.44 and its 200 day moving average is $235.70.

Institutional Investors Weigh In On SPDR Gold Shares

A number of large investors have recently added to or reduced their stakes in the stock. Semmax Financial Advisors Inc. increased its holdings in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Chris Bulman Inc bought a new position in SPDR Gold Shares in the second quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

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).