Resolute Wealth Strategies LLC Has $4.15 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Resolute Wealth Strategies LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,706 shares of the exchange traded fund’s stock after acquiring an additional 173 shares during the quarter. SPDR Gold Shares comprises about 2.8% of Resolute Wealth Strategies LLC’s investment portfolio, making the stock its 8th biggest position. Resolute Wealth Strategies LLC’s holdings in SPDR Gold Shares were worth $4,150,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC lifted its position in shares of SPDR Gold Shares by 33.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $459,000 after acquiring an additional 607 shares during the period. Syon Capital LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $6,972,000. Raymond James & Associates lifted its position in shares of SPDR Gold Shares by 0.5% during the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock worth $161,466,000 after buying an additional 4,242 shares during the last quarter. Marks Wealth LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth $33,299,000. Finally, Planned Solutions Inc. bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth $65,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock traded down $0.17 on Friday, hitting $212.96. 8,679,910 shares of the company’s stock were exchanged, compared to its average volume of 11,009,346. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09. The company has a 50 day moving average of $207.17 and a 200 day moving average of $193.75.

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).