USAdvisors Wealth Management LLC Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

USAdvisors Wealth Management LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,356 shares of the exchange traded fund’s stock after selling 457 shares during the quarter. USAdvisors Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,023,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. RDA Financial Network lifted its stake in shares of SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after buying an additional 88 shares during the period. Advance Capital Management Inc. lifted its stake in shares of SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 10.1% during the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after purchasing an additional 3,630 shares during the last quarter. Inspirion Wealth Advisors LLC grew its position in shares of SPDR Gold Shares by 0.8% in the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after purchasing an additional 50 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at $564,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.4 %

NYSEARCA GLD opened at $254.20 on Thursday. The business’s 50-day moving average price is $245.79 and its 200 day moving average price is $240.16. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).