IMS Capital Management Sells 100 Shares of SPDR Gold Shares (NYSEARCA:GLD)

IMS Capital Management lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,445 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. 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).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. OMC Financial Services LTD acquired a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $7,789,000. Hamilton Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 6.3% during the 1st quarter. Hamilton Wealth LLC now owns 51,224 shares of the exchange traded fund’s stock worth $10,538,000 after buying an additional 3,049 shares in the last quarter. Tactive Advisors LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $291,000. Pathway Financial Advisers LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $229,000. Finally, Alexander Labrunerie & CO. Inc. bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $258,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD traded down $0.43 during trading hours on Friday, reaching $225.34. The stock had a trading volume of 11,109,387 shares, compared to its average volume of 6,606,000. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $229.65. The firm has a 50-day simple moving average of $218.58 and a 200 day simple moving average of $208.48.

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).