Alesco Advisors LLC Cuts Position in SPDR Gold Shares (NYSEARCA:GLD)

Alesco Advisors LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,635 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Alesco Advisors LLC’s holdings in SPDR Gold Shares were worth $397,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of SPDR Gold Shares by 10.3% during the 3rd quarter. Cerity Partners LLC now owns 440,649 shares of the exchange traded fund’s stock worth $107,104,000 after purchasing an additional 41,025 shares during the period. Great Valley Advisor Group Inc. increased its holdings in SPDR Gold Shares by 4.8% during the third quarter. Great Valley Advisor Group Inc. now owns 39,104 shares of the exchange traded fund’s stock worth $9,505,000 after buying an additional 1,799 shares during the last quarter. Certified Advisory Corp raised its position in SPDR Gold Shares by 2.6% in the third quarter. Certified Advisory Corp now owns 9,542 shares of the exchange traded fund’s stock worth $2,319,000 after acquiring an additional 242 shares during the period. Flagstar Advisors Inc. boosted its stake in SPDR Gold Shares by 2.6% in the third quarter. Flagstar Advisors Inc. now owns 9,118 shares of the exchange traded fund’s stock valued at $2,216,000 after acquiring an additional 229 shares during the last quarter. Finally, Camden National Bank grew its position in shares of SPDR Gold Shares by 2.4% during the 3rd quarter. Camden National Bank now owns 3,814 shares of the exchange traded fund’s stock valued at $927,000 after acquiring an additional 90 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $249.84 on Friday. The company has a 50 day moving average of $246.03 and a 200-day moving average of $230.51. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71.

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).