West Paces Advisors Inc. Sells 65 Shares of SPDR Gold Shares (NYSEARCA:GLD)

West Paces Advisors Inc. lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,218 shares of the exchange traded fund’s stock after selling 65 shares during the period. West Paces Advisors Inc.’s holdings in SPDR Gold Shares were worth $424,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GLD. Compass Ion Advisors LLC increased its position 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 valued at $1,589,000 after purchasing an additional 54 shares during the last quarter. Pensionmark Financial Group LLC increased its position in shares of SPDR Gold Shares by 1.1% during the 1st quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock valued at $921,000 after purchasing an additional 55 shares during the last quarter. Capital Market Strategies LLC grew its position in SPDR Gold Shares by 4.6% during the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 55 shares during the last quarter. JB Capital LLC grew its position in SPDR Gold Shares by 2.4% during the 4th quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after acquiring an additional 55 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its position in SPDR Gold Shares by 9.5% during the 3rd quarter. IAG Wealth Partners LLC now owns 648 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD traded up $0.27 on Tuesday, hitting $221.22. 10,696,148 shares of the company were exchanged, compared to its average volume of 7,845,099. The firm has a fifty day simple moving average of $198.98 and a two-hundred day simple moving average of $189.71. 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).