Inspire Trust Co. N.A. Has $3.11 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Inspire Trust Co. N.A. decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 15.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,792 shares of the exchange traded fund’s stock after selling 2,291 shares during the period. Inspire Trust Co. N.A.’s holdings in SPDR Gold Shares were worth $3,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $25,000. Semmax Financial Advisors Inc. boosted its position in SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Private Ocean LLC grew its stake in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Finally, Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares in the second quarter worth $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $247.32 on Friday. SPDR Gold Shares has a 12 month low of $183.38 and a 12 month high of $257.71. The firm has a fifty day simple moving average of $246.61 and a 200 day simple moving average of $233.05.

SPDR Gold Shares 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).