Ciovacco Capital Management LLC Has $3.02 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Ciovacco Capital Management LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,469 shares of the exchange traded fund’s stock after selling 444 shares during the quarter. SPDR Gold Shares accounts for 1.7% of Ciovacco Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Ciovacco Capital Management LLC’s holdings in SPDR Gold Shares were worth $3,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in SPDR Gold Shares during the fourth quarter worth about $31,000. PayPay Securities Corp lifted its stake in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the period. Compass Planning Associates Inc bought a new position in SPDR Gold Shares during the fourth quarter worth about $39,000. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, SOA Wealth Advisors LLC. lifted its stake in SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 68 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.1 %

Shares of GLD opened at $280.75 on Friday. The stock has a market cap of $84.39 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $199.72 and a 12 month high of $281.48. The company has a 50-day moving average price of $263.87 and a two-hundred day moving average price of $250.73.

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).