Azimuth Capital Investment Management LLC Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Azimuth Capital Investment Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,770 shares of the exchange traded fund’s stock after purchasing an additional 145 shares during the period. Azimuth Capital Investment Management LLC’s holdings in SPDR Gold Shares were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. Evexia Wealth LLC lifted its stake in SPDR Gold Shares by 36.6% in the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock valued at $881,000 after buying an additional 1,253 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of SPDR Gold Shares by 33.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock worth $459,000 after acquiring an additional 607 shares during the last quarter. Ndwm LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $546,000. Raymond James & Associates raised 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 valued at $161,466,000 after purchasing an additional 4,242 shares during the last quarter. Finally, Independent Advisor Alliance lifted its holdings in SPDR Gold Shares by 32.2% in the 4th quarter. Independent Advisor Alliance now owns 98,074 shares of the exchange traded fund’s stock valued at $18,749,000 after purchasing an additional 23,883 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock traded down $7.83 during trading hours on Friday, reaching $211.60. 12,195,073 shares of the company’s stock were exchanged, compared to its average volume of 5,705,819. The business has a fifty day moving average of $216.70 and a two-hundred day moving average of $199.80. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.66.

About SPDR Gold Shares

(Free Report)

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).

Further Reading

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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