SouthState Corp Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

SouthState Corp lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,999 shares of the exchange traded fund’s stock after selling 64 shares during the quarter. SouthState Corp’s holdings in SPDR Gold Shares were worth $573,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Miracle Mile Advisors LLC grew its stake in shares of SPDR Gold Shares by 33.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock worth $459,000 after purchasing an additional 607 shares during the period. Syon Capital LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth $6,972,000. Raymond James & Associates grew its stake in shares of SPDR Gold Shares by 0.5% during the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock worth $161,466,000 after purchasing an additional 4,242 shares during the period. Marks Wealth LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $33,299,000. Finally, Planned Solutions Inc. acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $65,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $0.14 on Friday, reaching $212.99. 8,678,824 shares of the company were exchanged, compared to its average volume of 7,972,358. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09. The company has a 50-day moving average of $206.68 and a 200-day moving average of $193.50.

SPDR Gold Shares Company 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).