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

Resolute Wealth Strategies LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,706 shares of the exchange traded fund’s stock after acquiring an additional 173 shares during the quarter. SPDR Gold Shares makes up 2.8% of Resolute Wealth Strategies LLC’s portfolio, making the stock its 8th largest holding. Resolute Wealth Strategies LLC’s holdings in SPDR Gold Shares were worth $4,150,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. Toronto Dominion Bank increased its stake in shares of SPDR Gold Shares by 14.5% in the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after buying an additional 591,368 shares in the last quarter. First Eagle Investment Management LLC increased its position in SPDR Gold Shares by 4.2% in the third quarter. First Eagle Investment Management LLC now owns 3,451,135 shares of the exchange traded fund’s stock worth $599,794,000 after purchasing an additional 137,604 shares during the period. International Assets Investment Management LLC increased its position in SPDR Gold Shares by 19,989.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after purchasing an additional 2,424,904 shares during the period. Mackenzie Financial Corp increased its position in SPDR Gold Shares by 0.6% in the third quarter. Mackenzie Financial Corp now owns 1,637,245 shares of the exchange traded fund’s stock worth $276,956,000 after purchasing an additional 9,005 shares during the period. Finally, Euclidean Capital LLC increased its position in SPDR Gold Shares by 91.4% in the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock worth $182,166,000 after purchasing an additional 507,500 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

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