IMS Capital Management Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

IMS Capital Management decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,445 shares of the exchange traded fund’s stock after selling 100 shares during the period. IMS Capital Management’s holdings in SPDR Gold Shares were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of SPDR Gold Shares by 2.8% during the 1st quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after buying an additional 23,468 shares during the last quarter. Evexia Wealth LLC boosted its holdings 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% during the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after purchasing an additional 110 shares during the last quarter. City Holding Co. boosted its holdings in shares of SPDR Gold Shares by 5.6% during the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after purchasing an additional 195 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings 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 purchasing an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.2 %

Shares of SPDR Gold Shares stock traded down $0.43 on Friday, hitting $225.34. 11,109,387 shares of the company were exchanged, compared to its average volume of 6,606,000. The company has a 50-day moving average price of $218.58 and a 200 day moving average price of $208.48. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $229.65.

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).