Advyzon Investment Management LLC Cuts Stock Holdings in SPDR Gold Shares $GLD

Advyzon Investment Management LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 29.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,878 shares of the exchange traded fund’s stock after selling 5,831 shares during the period. SPDR Gold Shares comprises about 0.8% of Advyzon Investment Management LLC’s portfolio, making the stock its 23rd largest position. Advyzon Investment Management LLC’s holdings in SPDR Gold Shares were worth $4,933,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Hopwood Financial Services Inc. bought a new stake in SPDR Gold Shares in the third quarter worth about $27,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $31,000. Kilter Group LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $34,000. Finally, Traub Capital Management LLC purchased a new position in SPDR Gold Shares in the 2nd quarter worth approximately $34,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 2.0%

Shares of GLD stock opened at $468.62 on Friday. The firm has a market cap of $178.12 billion, a P/E ratio of -32.43 and a beta of 0.09. The business has a 50-day moving average price of $432.80 and a two-hundred day moving average price of $381.63. SPDR Gold Shares has a 12-month low of $261.25 and a 12-month high of $509.70.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Profile

(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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