Resolute Wealth Strategies LLC Decreases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Resolute Wealth Strategies LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 48.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,781 shares of the exchange traded fund’s stock after selling 11,189 shares during the period. SPDR Gold Shares comprises approximately 1.5% of Resolute Wealth Strategies LLC’s holdings, making the stock its 22nd largest position. Resolute Wealth Strategies LLC’s holdings in SPDR Gold Shares were worth $2,853,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $28,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp raised its stake in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 47 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $38,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.3 %

Shares of GLD opened at $266.74 on Tuesday. The firm has a market cap of $80.18 billion, a PE ratio of -28.59 and a beta of 0.20. The firm has a fifty day simple moving average of $256.08 and a two-hundred day simple moving average of $247.23. SPDR Gold Shares has a 1-year low of $193.88 and a 1-year high of $272.32.

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).