Clay Northam Wealth Management LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Clay Northam Wealth Management LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 18.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,748 shares of the exchange traded fund’s stock after acquiring an additional 420 shares during the period. Clay Northam Wealth Management LLC’s holdings in SPDR Gold Shares were worth $665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. abrdn plc boosted its holdings in shares of SPDR Gold Shares by 93.7% during the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after purchasing an additional 6,768 shares during the last quarter. E&G Advisors LP grew its position in shares of SPDR Gold Shares by 7.9% during the 4th quarter. E&G Advisors LP now owns 24,775 shares of the exchange traded fund’s stock worth $5,996,000 after buying an additional 1,815 shares in the last quarter. Holistic Planning LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $298,000. EQ Wealth Advisors LLC bought a new stake in SPDR Gold Shares during the 4th quarter valued at $235,000. Finally, Financial Life Planners bought a new stake in SPDR Gold Shares during the fourth quarter valued at about $91,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

Shares of GLD stock opened at $259.94 on Tuesday. The business’s fifty day simple moving average is $246.38 and its 200-day simple moving average is $240.80. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $261.39.

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).