Main Line Retirement Advisors LLC Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Main Line Retirement Advisors LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,625 shares of the exchange traded fund’s stock after acquiring an additional 305 shares during the quarter. SPDR Gold Shares makes up 0.3% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 25th largest position. Main Line Retirement Advisors LLC’s holdings in SPDR Gold Shares were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Evexia Wealth LLC increased its position in SPDR Gold Shares by 36.6% during the fourth quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock worth $881,000 after purchasing an additional 1,253 shares during the last quarter. TKG Advisors LLC raised 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 valued at $2,910,000 after acquiring an additional 110 shares in the last quarter. City Holding Co. grew its holdings in shares of SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares during the last quarter. Miracle Mile Advisors LLC raised its position in shares of SPDR Gold Shares by 33.8% during the 4th 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. Finally, Ndwm LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at $546,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock traded down $0.21 during mid-day trading on Tuesday, reaching $215.36. 2,195,582 shares of the stock traded hands, compared to its average volume of 7,274,516. The stock’s fifty day moving average is $216.20 and its 200-day moving average is $202.93. SPDR Gold Shares has a 52-week low of $168.30 and a 52-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).