Greykasell Wealth Strategies Inc. Invests $5.59 Million in SPDR Gold Shares (NYSEARCA:GLD)

Greykasell Wealth Strategies Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,074 shares of the exchange traded fund’s stock, valued at approximately $5,587,000. SPDR Gold Shares makes up about 3.1% of Greykasell Wealth Strategies Inc.’s holdings, making the stock its 5th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. abrdn plc lifted its position in SPDR Gold Shares by 93.7% during 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 during the period. WMG Financial Advisors LLC lifted its position in 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 valued at $1,294,000 after purchasing an additional 851 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in 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 valued at $1,201,000 after purchasing an additional 90 shares during the period. Measured Wealth Private Client Group LLC lifted its position in 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 valued at $15,659,000 after purchasing an additional 3,356 shares during the period. Finally, BKM Wealth Management LLC lifted its position 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 during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.0 %

GLD opened at $275.24 on Friday. 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 PE ratio of -28.59 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 $249.42.

SPDR Gold Shares 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).