Main Street Group LTD Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Main Street Group LTD lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,961 shares of the exchange traded fund’s stock after selling 280 shares during the period. SPDR Gold Shares comprises 0.4% of Main Street Group LTD’s holdings, making the stock its 23rd largest position. Main Street Group LTD’s holdings in SPDR Gold Shares were worth $959,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. abrdn plc lifted its position in shares of SPDR Gold Shares by 93.7% during the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after buying an additional 6,768 shares during the last quarter. WMG Financial Advisors LLC lifted its position in shares of SPDR Gold Shares by 18.9% during the 4th quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock valued at $1,294,000 after buying an additional 851 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 1.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock valued at $1,201,000 after buying an additional 90 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its position in shares of SPDR Gold Shares by 5.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock valued at $15,659,000 after buying an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 5.9% during the 4th quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock valued at $1,414,000 after buying an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $299.46 on Wednesday. SPDR Gold Shares has a one year low of $211.54 and a one year high of $317.63. The business’s fifty day moving average price is $291.00 and its 200-day moving average price is $265.46. The stock has a market capitalization of $90.02 billion, a PE ratio of -32.43 and a beta of 0.12.

SPDR Gold Shares 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).