Evolution Wealth Advisors LLC Has $13.93 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Evolution Wealth Advisors LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.2% in the fourth quarter, Holdings Channel reports. The firm owned 57,540 shares of the exchange traded fund’s stock after selling 10,307 shares during the period. SPDR Gold Shares comprises about 2.3% of Evolution Wealth Advisors LLC’s holdings, making the stock its 7th biggest position. Evolution Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $13,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Romano Brothers AND Company boosted its position in 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 worth $1,002,000 after purchasing an additional 40 shares during the period. Delta Financial Group Inc. boosted its position in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the period. Magnus Financial Group LLC boosted its position in SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the period. Spinnaker Trust boosted its position in SPDR Gold Shares by 1.1% during 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 during the period. Finally, Compton Wealth Advisory Group LLC boosted its position in SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $254.43 on Thursday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The business has a 50 day moving average of $244.25 and a 200-day moving average of $238.96.

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).