Strategic Financial Services Inc Has $10.89 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Strategic Financial Services Inc lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,445 shares of the exchange traded fund’s stock after selling 4,798 shares during the quarter. SPDR Gold Shares accounts for approximately 0.8% of Strategic Financial Services Inc’s investment portfolio, making the stock its 19th largest position. Strategic Financial Services Inc’s holdings in SPDR Gold Shares were worth $10,892,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Tucker Asset Management LLC bought a new position in shares of SPDR Gold Shares during the first quarter valued at $25,000. Mendota Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $27,000. Freedom Wealth Alliance LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $28,000. Cary Street Partners Asset Management LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth about $34,000. Finally, First Command Financial Services Inc. bought a new stake in SPDR Gold Shares in the first quarter valued at approximately $36,000. Institutional investors own 40.99% of the company’s stock.

SPDR Gold Shares Stock Up 0.3 %

SPDR Gold Shares stock traded up $0.51 during mid-day trading on Wednesday, hitting $180.38. 5,432,864 shares of the stock were exchanged, compared to its average volume of 7,084,362. The firm’s fifty day simple moving average is $179.17 and its two-hundred day simple moving average is $180.39. SPDR Gold Shares has a 12 month low of $150.57 and a 12 month high of $191.36.

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).