SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by 1ST Source Bank

1ST Source Bank boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,906 shares of the exchange traded fund’s stock after acquiring an additional 1,220 shares during the period. 1ST Source Bank’s holdings in SPDR Gold Shares were worth $2,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. abrdn plc grew its holdings in shares of SPDR Gold Shares by 93.7% during 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 in the last quarter. WMG Financial Advisors LLC grew its holdings 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 buying an additional 851 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in shares of 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 worth $1,201,000 after buying an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC grew its holdings in shares of 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 worth $15,659,000 after buying an additional 3,356 shares in the last quarter. Finally, BKM Wealth Management LLC grew its holdings 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 valued at $1,414,000 after purchasing an additional 327 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock 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 firm has a 50 day moving average price of $261.08 and a 200 day moving average price of $249.65. The company has a market cap of $82.74 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.

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).