Investment Partners Asset Management Inc. Lowers Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Investment Partners Asset Management Inc. reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,322 shares of the exchange traded fund’s stock after selling 290 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in SPDR Gold Shares were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Evexia Wealth LLC raised its stake in shares of 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 acquiring an additional 1,253 shares in the last quarter. TKG Advisors LLC grew its holdings in shares of SPDR Gold Shares by 0.7% in the fourth 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. grew its holdings in shares of SPDR Gold Shares by 5.6% in the first 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 during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of 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 last quarter. Finally, Ndwm LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $546,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.1 %

Shares of SPDR Gold Shares stock traded up $2.37 on Thursday, hitting $214.95. The stock had a trading volume of 2,620,281 shares, compared to its average volume of 7,351,991. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.66. The stock’s 50-day simple moving average is $216.43 and its two-hundred day simple moving average is $202.38.

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).