SMI Advisory Services LLC Purchases 41,481 Shares of SPDR Gold Shares (NYSEARCA:GLD)

SMI Advisory Services LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 1,578.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,109 shares of the exchange traded fund’s stock after buying an additional 41,481 shares during the quarter. SPDR Gold Shares accounts for 2.7% of SMI Advisory Services LLC’s holdings, making the stock its 11th largest holding. SMI Advisory Services LLC’s holdings in SPDR Gold Shares were worth $9,601,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Evexia Wealth LLC lifted its stake in shares of SPDR Gold Shares by 36.6% during the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock worth $881,000 after purchasing an additional 1,253 shares during the last quarter. TKG Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock valued at $2,910,000 after buying an additional 110 shares in the last quarter. City Holding Co. grew its position in shares of SPDR Gold Shares by 5.6% in the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after buying an additional 195 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in shares of SPDR Gold Shares by 33.8% during the 4th 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 in the last quarter. Finally, Ndwm LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $546,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0 %

NYSEARCA GLD opened at $214.64 on Thursday. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.66. The firm’s fifty day simple moving average is $216.57 and its two-hundred day simple moving average is $202.31.

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).