Evolution Wealth Advisors LLC Boosts Stock Holdings in SPDR Gold Shares $GLD

Evolution Wealth Advisors LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,609 shares of the exchange traded fund’s stock after buying an additional 2,031 shares during the period. SPDR Gold Shares accounts for approximately 2.9% 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 $21,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares in the second quarter valued at $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $31,000. Traub Capital Management LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at about $34,000. Kilter Group LLC bought a new position in SPDR Gold Shares in the 2nd quarter worth about $34,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $421.29 on Friday. The stock has a market cap of $158.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $249.15 and a 1 year high of $426.86. The business has a fifty day moving average of $395.73 and a 200-day moving average of $355.72.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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