SPDR Gold Shares (NYSEARCA:GLD) Stock Position Reduced by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,414 shares of the exchange traded fund’s stock after selling 1,281 shares during the quarter. SPDR Gold Shares comprises approximately 2.4% of Alliance Wealth Advisors LLC’s holdings, making the stock its 8th largest position. Alliance Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $4,153,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $31,000. PayPay Securities Corp lifted its stake in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 47 shares during the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 1.3%

Shares of SPDR Gold Shares stock opened at $305.18 on Friday. The firm has a fifty day simple moving average of $300.63 and a 200-day simple moving average of $272.44. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63. The stock has a market capitalization of $99.79 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).