SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Lessened by SMI Advisory Services LLC

SMI Advisory Services LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 30.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,342 shares of the exchange traded fund’s stock after selling 20,392 shares during the period. SPDR Gold Shares comprises approximately 2.7% of SMI Advisory Services LLC’s holdings, making the stock its 9th biggest holding. SMI Advisory Services LLC’s holdings in SPDR Gold Shares were worth $11,634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLD. International Assets Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares in the last quarter. AlTi Global Inc. lifted its holdings in shares of SPDR Gold Shares by 145.0% in the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock worth $72,212,000 after buying an additional 198,823 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after buying an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after buying an additional 146,271 shares in the last quarter. Finally, Banco Santander S.A. lifted its holdings in shares of SPDR Gold Shares by 245.1% in the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after buying an additional 114,151 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.5 %

Shares of GLD opened at $254.43 on Thursday. The firm’s 50 day simple moving average is $244.25 and its 200 day simple moving average is $238.96. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.

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).