Fortis Capital Advisors LLC Has $508,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Fortis Capital Advisors LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,658 shares of the exchange traded fund’s stock after selling 219 shares during the period. Fortis Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evexia Wealth LLC raised its position in shares of SPDR Gold Shares by 36.6% in the fourth 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 increased its stake in 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 valued at $459,000 after acquiring an additional 607 shares during the last quarter. Raymond James & Associates increased its stake in SPDR Gold Shares by 0.5% in the fourth quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock valued at $161,466,000 after acquiring an additional 4,242 shares during the last quarter. Marks Wealth LLC bought a new position in SPDR Gold Shares in the fourth quarter valued at approximately $33,299,000. Finally, Independent Advisor Alliance increased its stake in SPDR Gold Shares by 32.2% in the fourth quarter. Independent Advisor Alliance now owns 98,074 shares of the exchange traded fund’s stock valued at $18,749,000 after acquiring an additional 23,883 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded up $0.20 during mid-day trading on Friday, reaching $215.92. The stock had a trading volume of 4,212,379 shares, compared to its average volume of 7,236,997. The stock has a 50-day simple moving average of $213.86 and a two-hundred day simple moving average of $197.51. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.66.

SPDR Gold Shares Company Profile

(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).

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

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