SPDR Gold Shares (NYSEARCA:GLD) is Evolution Wealth Advisors LLC’s 6th Largest Position

Evolution Wealth Advisors LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,847 shares of the exchange traded fund’s stock after selling 1,153 shares during the quarter. SPDR Gold Shares accounts for 3.0% of Evolution Wealth Advisors LLC’s portfolio, making the stock its 6th largest position. Evolution Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $16,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. First Foundation Advisors boosted its holdings in shares of SPDR Gold Shares by 4.2% in the 1st quarter. First Foundation Advisors now owns 5,984 shares of the exchange traded fund’s stock valued at $1,231,000 after buying an additional 243 shares during the period. TIAA Trust National Association raised its position in shares of SPDR Gold Shares by 51.8% during the 1st quarter. TIAA Trust National Association now owns 2,153 shares of the exchange traded fund’s stock worth $443,000 after buying an additional 735 shares in the last quarter. Cercano Management LLC raised its position in shares of SPDR Gold Shares by 10,869.6% during the 1st quarter. Cercano Management LLC now owns 50,460 shares of the exchange traded fund’s stock worth $10,381,000 after buying an additional 50,000 shares in the last quarter. Ironsides Asset Advisors LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $206,000. Finally, Strait & Sound Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 9.3% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 1,181 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 100 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.2 %

Shares of GLD opened at $236.59 on Friday. The firm’s 50 day moving average is $244.95 and its 200-day moving average is $229.41. SPDR Gold Shares has a 12-month low of $182.23 and a 12-month high of $257.71.

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).