SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 88,846 shares of the exchange traded fund’s stock after selling 1,140 shares during the period. Independent Advisor Alliance’s holdings in SPDR Gold Shares were worth $21,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GLD. abrdn plc boosted its position in SPDR Gold Shares by 93.7% during the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock worth $3,391,000 after acquiring an additional 6,768 shares during the period. WMG Financial Advisors LLC raised its position in shares of SPDR Gold Shares by 18.9% during the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after purchasing an additional 851 shares during the period. Cassaday & Co Wealth Management LLC raised its position in SPDR Gold Shares by 1.8% during the fourth 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 period. Measured Wealth Private Client Group LLC raised its position in SPDR Gold Shares by 5.5% during the fourth 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 period. Finally, BKM Wealth Management LLC increased its position in SPDR Gold Shares by 5.9% in the 4th quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock worth $1,414,000 after purchasing an additional 327 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $268.39 on Monday. The firm has a market cap of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20. The stock’s 50-day moving average is $258.24 and its two-hundred day moving average is $248.27. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $272.32.

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).