New Wave Wealth Advisors LLC Sells 3,147 Shares of SPDR Gold Shares (NYSEARCA:GLD)

New Wave Wealth Advisors LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 38.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,139 shares of the exchange traded fund’s stock after selling 3,147 shares during the period. New Wave Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,244,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Romano Brothers AND Company increased its position in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares during the period. Delta Financial Group Inc. increased its holdings in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 41 shares during the period. Magnus Financial Group LLC raised its stake in shares of SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares in the last quarter. Spinnaker Trust raised its position in SPDR Gold Shares by 1.1% in the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. lifted its stake in SPDR Gold Shares by 3.3% during the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 43 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 1.5 %

NYSEARCA GLD opened at $258.05 on Friday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $258.29. The stock’s 50 day moving average is $246.21 and its two-hundred day moving average is $240.38.

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).