Strategies Wealth Advisors LLC Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Strategies Wealth Advisors LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 33.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,595 shares of the exchange traded fund’s stock after selling 6,725 shares during the period. SPDR Gold Shares makes up about 0.4% of Strategies Wealth Advisors LLC’s holdings, making the stock its 26th largest holding. Strategies Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $3,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Regal Investment Advisors LLC increased its position in shares of SPDR Gold Shares by 2.0% during the fourth quarter. Regal Investment Advisors LLC now owns 17,831 shares of the exchange traded fund’s stock valued at $3,409,000 after acquiring an additional 355 shares during the last quarter. MGO One Seven LLC boosted its position in shares of SPDR Gold Shares by 8.8% during the fourth quarter. MGO One Seven LLC now owns 31,754 shares of the exchange traded fund’s stock worth $6,070,000 after buying an additional 2,555 shares during the period. Hancock Whitney Corp grew its stake in shares of SPDR Gold Shares by 1.2% in the fourth quarter. Hancock Whitney Corp now owns 195,598 shares of the exchange traded fund’s stock valued at $37,392,000 after buying an additional 2,298 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 10.5% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 5,664 shares of the exchange traded fund’s stock valued at $1,083,000 after buying an additional 540 shares during the period. Finally, Brown Wealth Management LLC purchased a new stake in SPDR Gold Shares during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3 %

Shares of GLD opened at $244.18 on Tuesday. SPDR Gold Shares has a fifty-two week low of $171.07 and a fifty-two week high of $247.37. The firm’s 50 day moving average price is $233.29 and its 200 day moving average price is $222.28.

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).