Shariaportfolio Inc. Sells 754 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Shariaportfolio Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 34.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,416 shares of the exchange traded fund’s stock after selling 754 shares during the quarter. SPDR Gold Shares comprises about 0.2% of Shariaportfolio Inc.’s holdings, making the stock its 24th biggest holding. Shariaportfolio Inc.’s holdings in SPDR Gold Shares were worth $343,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. abrdn plc raised its stake 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 valued at $3,391,000 after purchasing an additional 6,768 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake 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 valued at $1,201,000 after purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC raised its stake 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 valued at $15,659,000 after purchasing an additional 3,356 shares in the last quarter. BKM Wealth Management LLC raised its stake 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 in the last quarter. Finally, Advance Capital Management Inc. raised its stake in shares of SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after acquiring an additional 316 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $270.74 on Monday. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84. The company’s 50 day moving average price is $253.00 and its two-hundred day moving average price is $245.50.

SPDR Gold Shares Company 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).