Octavia Wealth Advisors LLC Reduces Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Octavia Wealth Advisors LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,056 shares of the exchange traded fund’s stock after selling 301 shares during the period. Octavia Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aspect Partners LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $2,808,000. Wealthquest Corp purchased a new position in SPDR Gold Shares in the 4th quarter valued at $212,000. Harbour Investments Inc. boosted its stake in SPDR Gold Shares by 136.4% during the 4th quarter. Harbour Investments Inc. now owns 49,912 shares of the exchange traded fund’s stock worth $9,542,000 after purchasing an additional 28,795 shares during the last quarter. Secured Retirement Advisors LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $871,000. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1 %

GLD traded up $2.65 during trading on Friday, reaching $245.47. The company’s stock had a trading volume of 5,789,546 shares, compared to its average volume of 7,017,856. The firm has a fifty day simple moving average of $235.20 and a two-hundred day simple moving average of $223.45. SPDR Gold Shares has a 1 year low of $173.24 and a 1 year high of $247.37.

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).