Prime Capital Investment Advisors LLC Has $6.36 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Prime Capital Investment Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,147 shares of the exchange traded fund’s stock after selling 639 shares during the period. Prime Capital Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $6,355,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GLD. Obermeyer Wood Investment Counsel Lllp grew its stake 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 purchasing an additional 490 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of SPDR Gold Shares by 5.1% in the second quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock valued at $1,063,000 after buying an additional 239 shares during the period. RDA Financial Network increased its stake in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after buying an additional 88 shares during the period. Oxler Private Wealth LLC raised its position in shares of SPDR Gold Shares by 48.9% during the second quarter. Oxler Private Wealth LLC now owns 24,438 shares of the exchange traded fund’s stock worth $5,254,000 after acquiring an additional 8,021 shares during the last quarter. Finally, Blue Fin Capital Inc. lifted its stake in shares of SPDR Gold Shares by 1.1% in the second quarter. Blue Fin Capital Inc. now owns 37,225 shares of the exchange traded fund’s stock worth $8,004,000 after acquiring an additional 388 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $240.10 on Wednesday. The firm has a 50 day moving average price of $244.40 and a two-hundred day moving average price of $228.99. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71.

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).