Soltis Investment Advisors LLC Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Soltis Investment Advisors LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,972 shares of the exchange traded fund’s stock after buying an additional 1,658 shares during the period. Soltis Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $38,000. Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares in the 4th quarter valued at about $39,000. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $40,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $268.37 on Tuesday. The company’s 50-day moving average is $248.30 and its two-hundred day moving average is $242.21. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $268.66.

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).