SPDR Gold Shares (NYSEARCA:GLD) Stake Cut by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,680 shares of the exchange traded fund’s stock after selling 14,400 shares during the period. SPDR Gold Shares comprises about 2.1% of ARS Wealth Advisors Group LLC’s holdings, making the stock its 16th largest holding. ARS Wealth Advisors Group LLC’s holdings in SPDR Gold Shares were worth $14,468,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of SPDR Gold Shares by 19,989.3% during the 4th 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 in the last quarter. Toronto Dominion Bank increased its holdings in shares of SPDR Gold Shares by 14.5% during the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after acquiring an additional 591,368 shares during the last quarter. Euclidean Capital LLC increased its holdings in shares of SPDR Gold Shares by 91.4% during the 3rd quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after acquiring an additional 507,500 shares during the last quarter. Dagco Inc. increased its holdings in shares of SPDR Gold Shares by 24,465.7% during the 3rd quarter. Dagco Inc. now owns 388,138 shares of the exchange traded fund’s stock valued at $66,546,000 after acquiring an additional 386,558 shares during the last quarter. Finally, Bailard Inc. increased its holdings in shares of SPDR Gold Shares by 5,040.4% during the 4th quarter. Bailard Inc. now owns 349,291 shares of the exchange traded fund’s stock valued at $66,774,000 after acquiring an additional 342,496 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD traded down $0.17 during mid-day trading on Friday, reaching $212.96. 8,679,910 shares of the company traded hands, compared to its average volume of 11,009,346. The company’s fifty day moving average is $207.17 and its two-hundred day moving average is $193.75. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week 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).