Evolution Wealth Advisors LLC Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Evolution Wealth Advisors LLC cut its holdings 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 and Exchange Commission (SEC). The fund owned 84,477 shares of the exchange traded fund’s stock after selling 2,587 shares during the period. SPDR Gold Shares comprises approximately 3.2% of Evolution Wealth Advisors LLC’s holdings, making the stock its 5th largest holding. Evolution Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $16,149,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GLD. First Personal Financial Services acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $25,000. Private Ocean LLC increased its position in shares of SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Naples Money Management LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $31,000. Johnson Midwest Financial LLC increased its position in shares of SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD traded up $0.71 during trading hours on Friday, reaching $221.05. The stock had a trading volume of 8,683,517 shares, compared to its average volume of 7,892,074. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09. The firm has a 50-day moving average of $200.89 and a 200 day moving average of $190.48.

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).