Vance Wealth Inc. Has $256,000 Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Vance Wealth Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,337 shares of the exchange traded fund’s stock after selling 110 shares during the quarter. Vance Wealth Inc.’s holdings in SPDR Gold Shares were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Paradigm Financial Partners LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth $210,000. Omnia Family Wealth LLC raised its position in SPDR Gold Shares by 2.6% during the fourth quarter. Omnia Family Wealth LLC now owns 57,059 shares of the exchange traded fund’s stock worth $10,908,000 after acquiring an additional 1,431 shares in the last quarter. Transcend Capital Advisors LLC raised its position in shares of SPDR Gold Shares by 2.8% in the fourth quarter. Transcend Capital Advisors LLC now owns 23,680 shares of the exchange traded fund’s stock valued at $4,527,000 after purchasing an additional 649 shares during the period. Alliance Wealth Advisors LLC UT raised its position in shares of SPDR Gold Shares by 19.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,606 shares of the exchange traded fund’s stock valued at $498,000 after purchasing an additional 427 shares during the period. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $391,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD traded up $0.70 during trading hours on Friday, hitting $216.62. The company had a trading volume of 6,268,504 shares, compared to its average volume of 11,521,039. The business has a fifty day moving average of $204.56 and a 200-day moving average of $192.56. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09.

About SPDR Gold Shares

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).