SeaCrest Wealth Management LLC Sells 1,058 Shares of SPDR Gold Shares (NYSEARCA:GLD)

SeaCrest Wealth Management LLC lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,620 shares of the exchange traded fund’s stock after selling 1,058 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,011,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GLD. Sei Investments Co. purchased a new position in SPDR Gold Shares during the first quarter valued at $24,420,000. Covestor Ltd increased its holdings in shares of SPDR Gold Shares by 69.4% during the first quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 218 shares in the last quarter. Merit Financial Group LLC raised its position in shares of SPDR Gold Shares by 18.6% in the 1st quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock worth $501,000 after purchasing an additional 435 shares during the last quarter. First Western Trust Bank bought a new position in SPDR Gold Shares in the 1st quarter worth about $256,000. Finally, Prudential Financial Inc. boosted its stake in SPDR Gold Shares by 32.5% in the 1st quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock worth $6,666,000 after purchasing an additional 9,049 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

NYSEARCA:GLD traded up $2.62 on Thursday, reaching $205.72. 9,189,938 shares of the stock traded hands, compared to its average volume of 6,652,294. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $206.05. The company’s fifty day simple moving average is $192.30 and its 200 day simple moving average is $186.34.

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).