Smart Portfolios LLC Sells 64 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Smart Portfolios LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 4,766 shares of the exchange traded fund’s stock after selling 64 shares during the period. SPDR Gold Shares comprises about 1.2% of Smart Portfolios LLC’s portfolio, making the stock its 26th biggest holding. Smart Portfolios LLC’s holdings in SPDR Gold Shares were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. abrdn plc increased its position in shares of SPDR Gold Shares by 93.7% in the fourth quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after acquiring an additional 6,768 shares during the period. WMG Financial Advisors LLC increased its stake in shares of SPDR Gold Shares by 18.9% in the 4th quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after acquiring an additional 851 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its position in shares of SPDR Gold Shares by 1.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock worth $1,201,000 after purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC grew its stake in shares of SPDR Gold Shares by 5.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock worth $15,659,000 after acquiring an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC increased its stake in 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 purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $269.16 on Wednesday. The stock has a market capitalization of $80.91 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a one year low of $198.94 and a one year high of $272.32. The business’s fifty day moving average is $259.29 and its 200 day moving average is $248.79.

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).