IVC Wealth Advisors LLC Sells 61 Shares of SPDR Gold Shares (NYSEARCA:GLD)

IVC Wealth Advisors LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,631 shares of the exchange traded fund’s stock after selling 61 shares during the quarter. IVC Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $395,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GLD. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the third quarter valued at $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC boosted its stake in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new position in SPDR Gold Shares in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

Shares of GLD opened at $254.07 on Friday. The business’s 50-day moving average price is $244.59 and its 200-day moving average price is $239.07. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).