Navis Wealth Advisors LLC Sells 154 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Navis Wealth Advisors LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,053 shares of the exchange traded fund’s stock after selling 154 shares during the quarter. Navis Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Compass Ion Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock worth $1,589,000 after buying an additional 54 shares in the last quarter. Capital Market Strategies LLC raised its position in shares of SPDR Gold Shares by 4.6% during the fourth quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 55 shares during the period. JB Capital LLC raised its position in shares of SPDR Gold Shares by 2.4% during the fourth quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after purchasing an additional 55 shares during the period. IAG Wealth Partners LLC raised its position in shares of SPDR Gold Shares by 9.5% during the third quarter. IAG Wealth Partners LLC now owns 648 shares of the exchange traded fund’s stock worth $111,000 after purchasing an additional 56 shares during the period. Finally, Financial Sense Advisors Inc. raised its position in shares of SPDR Gold Shares by 2.0% during the third quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock worth $496,000 after purchasing an additional 56 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded up $0.70 during trading on Friday, reaching $216.62. 6,268,504 shares of the stock were exchanged, compared to its average volume of 11,521,039. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09. The stock has a fifty day moving average of $204.56 and a two-hundred day moving average of $192.56.

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).