Weaver Consulting Group Has $2.02 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Weaver Consulting Group reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,805 shares of the exchange traded fund’s stock after selling 172 shares during the period. Weaver Consulting Group’s holdings in SPDR Gold Shares were worth $2,017,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GLD. Evexia Wealth LLC lifted its position 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 in the last quarter. TKG Advisors LLC increased its position in shares of SPDR Gold Shares by 0.7% during the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after purchasing an additional 110 shares during the last quarter. City Holding Co. raised its stake 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 worth $763,000 after purchasing an additional 195 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 33.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $459,000 after buying an additional 607 shares during the last quarter. Finally, Ndwm LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth $546,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD stock traded up $0.02 during trading hours on Friday, reaching $215.01. The stock had a trading volume of 3,955,080 shares, compared to its average volume of 5,524,778. The stock has a 50-day simple moving average of $216.20 and a 200 day simple moving average of $202.69. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66.

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).