Stelac Advisory Services LLC Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Stelac Advisory Services LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 16.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,401 shares of the exchange traded fund’s stock after acquiring an additional 193 shares during the period. Stelac Advisory Services LLC’s holdings in SPDR Gold Shares were worth $338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. abrdn plc grew its position in SPDR Gold Shares by 93.7% in the fourth 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 in the last quarter. WMG Financial Advisors LLC grew its position in SPDR Gold Shares by 18.9% in the fourth 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 grew its position in SPDR Gold Shares by 1.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock worth $1,201,000 after acquiring an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC grew its position in 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 in the last quarter. Finally, BKM Wealth Management LLC grew its position in SPDR Gold Shares by 5.9% in the fourth quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 327 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.4 %

NYSEARCA GLD opened at $270.33 on Thursday. The company has a 50-day simple moving average of $259.86 and a two-hundred day simple moving average of $248.94. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $272.32. The firm has a market cap of $81.26 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

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).