Lenox Wealth Management Inc. lowered its stake in SPDR Gold Trust (NYSEARCA:GLD) by 29.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 65,488 shares of the exchange traded fund’s stock after selling 27,908 shares during the quarter. SPDR Gold Trust accounts for about 3.1% of Lenox Wealth Management Inc.’s portfolio, making the stock its 5th biggest holding. Lenox Wealth Management Inc.’s holdings in SPDR Gold Trust were worth $7,729,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in GLD. FTB Advisors Inc. raised its holdings in shares of SPDR Gold Trust by 3.1% during the 2nd quarter. FTB Advisors Inc. now owns 854 shares of the exchange traded fund’s stock worth $100,000 after acquiring an additional 26 shares during the period. Colonial Trust Advisors raised its holdings in SPDR Gold Trust by 9.0% in the 2nd quarter. Colonial Trust Advisors now owns 14,007 shares of the exchange traded fund’s stock valued at $1,653,000 after buying an additional 1,162 shares during the period. Clear Perspective Advisors LLC raised its holdings in SPDR Gold Trust by 78.6% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,500 shares of the exchange traded fund’s stock valued at $295,000 after buying an additional 1,100 shares during the period. Cambria Investment Management L.P. purchased a new stake in SPDR Gold Trust in the 2nd quarter valued at about $12,740,000. Finally, Shelton Capital Management purchased a new stake in SPDR Gold Trust in the 2nd quarter valued at about $243,000.

SPDR Gold Trust (NYSEARCA GLD) traded up 0.76% during midday trading on Friday, hitting $123.82. The stock had a trading volume of 6,820,348 shares. SPDR Gold Trust has a one year low of $107.00 and a one year high of $128.32. The stock has a 50-day moving average price of $123.97 and a 200 day moving average price of $120.68.

TRADEMARK VIOLATION WARNING: “Lenox Wealth Management Inc. Has $7.73 Million Stake in SPDR Gold Trust (NYSEARCA:GLD)” was originally published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at http://www.mareainformativa.com/lenox-wealth-management-inc-sells-27908-shares-of-spdr-gold-trust-gld/117616/.

SPDR Gold Trust 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).

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

Receive News & Stock Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related stocks with our FREE daily email newsletter.