SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Lessened by DeDora Capital Inc.

DeDora Capital Inc. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,072 shares of the exchange traded fund’s stock after selling 102 shares during the quarter. DeDora Capital Inc.’s holdings in SPDR Gold Shares were worth $1,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Miracle Mile Advisors LLC grew its position in 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 worth $459,000 after purchasing an additional 607 shares in the last quarter. Syon Capital LLC acquired a new position in SPDR Gold Shares during the third quarter valued at $6,972,000. Raymond James & Associates lifted its stake in SPDR Gold Shares by 0.5% in the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock worth $161,466,000 after acquiring an additional 4,242 shares in the last quarter. Marks Wealth LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $33,299,000. Finally, Planned Solutions Inc. purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $65,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded down $0.17 during mid-day trading on Friday, reaching $212.96. The company had a trading volume of 8,679,910 shares, compared to its average volume of 11,009,346. The stock has a fifty day moving average of $207.17 and a two-hundred day moving average of $193.75. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09.

SPDR Gold Shares Company 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).