Arbor Investment Advisors LLC Has $420,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Arbor Investment Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,734 shares of the exchange traded fund’s stock after acquiring an additional 343 shares during the period. Arbor Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

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

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $270.74 on Friday. The stock’s 50-day moving average is $253.00 and its 200-day moving average is $245.32. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84.

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).