IMG Wealth Management Inc. Takes $1.98 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

IMG Wealth Management Inc. acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,195 shares of the exchange traded fund’s stock, valued at approximately $1,984,000. SPDR Gold Shares comprises about 1.8% of IMG Wealth Management Inc.’s holdings, making the stock its 16th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. abrdn plc boosted its holdings 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 worth $3,391,000 after buying an additional 6,768 shares during the last quarter. WMG Financial Advisors LLC boosted its holdings in shares of 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 buying an additional 851 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in shares of 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 buying an additional 90 shares during the last quarter. Measured Wealth Private Client Group LLC boosted its holdings 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 buying an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC lifted its holdings in SPDR Gold Shares by 5.9% during the fourth 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

Shares of NYSEARCA:GLD opened at $275.24 on Monday. SPDR Gold Shares has a 1-year low of $198.94 and a 1-year high of $276.30. The company has a market capitalization of $82.74 billion, a P/E ratio of -29.30 and a beta of 0.20. The firm’s 50 day simple moving average is $261.08 and its two-hundred day simple moving average is $249.65.

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).