Ascent Group LLC Lowers Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Ascent Group LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,822 shares of the exchange traded fund’s stock after selling 184 shares during the quarter. Ascent Group LLC’s holdings in SPDR Gold Shares were worth $581,000 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. Raymond James & Associates lifted its stake in SPDR Gold Shares by 2.8% in the 1st quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock worth $178,583,000 after purchasing an additional 23,468 shares in the last quarter. Evexia Wealth LLC raised its position in shares of 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 valued at $881,000 after buying an additional 1,253 shares in 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 buying an additional 110 shares in the last quarter. City Holding Co. raised its position 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 valued at $763,000 after buying an additional 195 shares in the last quarter. Finally, 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 valued at $459,000 after buying an additional 607 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $0.39 on Tuesday, hitting $220.71. 1,364,931 shares of the company traded hands, compared to its average volume of 7,162,377. The firm’s 50-day simple moving average is $218.10 and its 200 day simple moving average is $207.61. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $229.65.

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).