SPDR Gold Shares (NYSEARCA:GLD) Stock Position Lessened by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,477 shares of the exchange traded fund’s stock after selling 2,587 shares during the quarter. SPDR Gold Shares comprises about 3.2% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Evolution Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $16,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $25,000. Johnson Midwest Financial LLC boosted its holdings in shares of SPDR Gold Shares by 350.0% in the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 140 shares during the last quarter. Private Ocean LLC boosted its holdings in shares of SPDR Gold Shares by 232.7% in the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 114 shares during the last quarter. Naples Money Management LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $31,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD traded up $0.71 on Friday, reaching $221.05. The company’s stock had a trading volume of 8,683,517 shares, compared to its average volume of 7,892,074. The stock’s 50 day simple moving average is $200.89 and its two-hundred day simple moving average is $190.48. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09.

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).