SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Ciovacco Capital Management LLC

Ciovacco Capital Management LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,116 shares of the exchange traded fund’s stock after selling 353 shares during the period. SPDR Gold Shares comprises about 2.4% of Ciovacco Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Ciovacco Capital Management LLC’s holdings in SPDR Gold Shares were worth $3,491,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC grew its stake in SPDR Gold Shares by 4.0% in the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after purchasing an additional 388 shares in the last quarter. Marmo Financial Group LLC acquired a new position in SPDR Gold Shares in the first quarter worth about $218,000. Lloyd Advisory Services LLC. acquired a new position in SPDR Gold Shares in the first quarter worth about $217,000. Horizon Wealth Management LLC grew its stake in SPDR Gold Shares by 61.6% in the first quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock worth $23,812,000 after purchasing an additional 31,514 shares in the last quarter. Finally, Lake Hills Wealth Management LLC grew its stake in SPDR Gold Shares by 69.5% in the first quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock worth $10,339,000 after purchasing an additional 14,717 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $313.05 on Friday. The stock has a 50-day simple moving average of $308.65 and a 200 day simple moving average of $292.23. SPDR Gold Shares has a one year low of $223.82 and a one year high of $317.63. The company has a market capitalization of $103.87 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).