Soltis Investment Advisors LLC Lowers Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Soltis Investment Advisors LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,698 shares of the exchange traded fund’s stock after selling 122 shares during the quarter. Soltis Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Raymond James & Associates lifted its position in SPDR Gold Shares by 2.8% during the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after buying an additional 23,468 shares in the last quarter. Evexia Wealth LLC lifted its holdings in SPDR Gold Shares by 36.6% during the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock worth $881,000 after buying an additional 1,253 shares during the last quarter. TKG Advisors LLC increased its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock valued at $2,910,000 after acquiring an additional 110 shares during the last quarter. City Holding Co. raised its position in shares of SPDR Gold Shares by 5.6% during the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after acquiring an additional 195 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings in SPDR Gold Shares by 33.8% in the fourth 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. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.2 %

Shares of SPDR Gold Shares stock traded down $0.43 during trading hours on Friday, reaching $225.34. The company’s stock had a trading volume of 11,109,387 shares, compared to its average volume of 6,606,000. SPDR Gold Shares has a one year low of $168.30 and a one year high of $229.65. The company’s 50 day simple moving average is $218.58 and its 200 day simple moving average is $208.34.

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).