Allied Investment Advisors LLC Sells 5,577 Shares of SPDR Gold Shares $GLD

Allied Investment Advisors LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 84.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,058 shares of the exchange traded fund’s stock after selling 5,577 shares during the quarter. Allied Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $376,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GLD. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $31,000. Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares during the second quarter worth $34,000. Kilter Group LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth $34,000. Finally, First Command Advisory Services Inc. bought a new stake in SPDR Gold Shares in the 2nd quarter valued at $43,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Down 10.3%

NYSEARCA:GLD opened at $444.95 on Monday. SPDR Gold Shares has a twelve month low of $257.86 and a twelve month high of $509.70. The company has a market cap of $169.57 billion, a P/E ratio of -32.43 and a beta of 0.09. The business has a 50 day moving average price of $412.03 and a two-hundred day moving average price of $367.08.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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