St. Johns Investment Management Company LLC Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

St. Johns Investment Management Company LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 26,237 shares of the exchange traded fund’s stock after selling 385 shares during the period. SPDR Gold Shares accounts for about 2.6% of St. Johns Investment Management Company LLC’s holdings, making the stock its 9th biggest position. St. Johns Investment Management Company LLC’s holdings in SPDR Gold Shares were worth $5,016,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes 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 valued at $881,000 after buying an additional 1,253 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of 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 worth $459,000 after acquiring an additional 607 shares during the period. Syon Capital LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $6,972,000. Raymond James & Associates lifted its holdings in SPDR Gold Shares by 0.5% during the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock worth $161,466,000 after purchasing an additional 4,242 shares in the last quarter. Finally, Marks Wealth LLC bought a new position in SPDR Gold Shares in the 4th quarter worth about $33,299,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.8 %

GLD stock traded up $1.76 during mid-day trading on Friday, reaching $218.71. 8,700,917 shares of the company traded hands, compared to its average volume of 9,601,856. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09. The company has a fifty day moving average price of $209.29 and a 200-day moving average price of $194.68.

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).