Miracle Mile Advisors LLC Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Miracle Mile Advisors LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,656 shares of the exchange traded fund’s stock after selling 144 shares during the period. Miracle Mile Advisors LLC’s holdings in SPDR Gold Shares were worth $1,132,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Boston Standard Wealth Management LLC acquired a new position in shares of SPDR Gold Shares in the third quarter worth $224,000. Smith Anglin Financial LLC increased its position in SPDR Gold Shares by 60.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 13,273 shares of the exchange traded fund’s stock worth $3,226,000 after purchasing an additional 5,001 shares in the last quarter. Diversified Trust Co increased its position in SPDR Gold Shares by 31.1% during the 3rd quarter. Diversified Trust Co now owns 3,854 shares of the exchange traded fund’s stock worth $937,000 after purchasing an additional 915 shares in the last quarter. Davis Investment Partners LLC raised its stake in SPDR Gold Shares by 28.3% in the 3rd quarter. Davis Investment Partners LLC now owns 1,209 shares of the exchange traded fund’s stock valued at $297,000 after purchasing an additional 267 shares during the last quarter. Finally, WealthBridge Capital Management LLC lifted its holdings in SPDR Gold Shares by 3.4% in the 3rd quarter. WealthBridge Capital Management LLC now owns 20,150 shares of the exchange traded fund’s stock valued at $4,898,000 after purchasing an additional 660 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.8 %

Shares of NYSEARCA GLD opened at $242.32 on Wednesday. The company has a 50-day simple moving average of $233.77 and a 200-day simple moving average of $222.58. SPDR Gold Shares has a 12 month low of $171.07 and a 12 month high of $247.37.

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).