Harbour Investments Inc. Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Harbour Investments Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 62,073 shares of the exchange traded fund’s stock after selling 5,038 shares during the quarter. Harbour Investments Inc.’s holdings in SPDR Gold Shares were worth $15,030,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. abrdn plc grew its stake 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 acquiring an additional 6,768 shares during the last quarter. WMG Financial Advisors LLC lifted 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 purchasing an additional 851 shares during the period. Cassaday & Co Wealth Management LLC lifted 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 purchasing an additional 90 shares during the period. Measured Wealth Private Client Group LLC lifted 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 purchasing an additional 3,356 shares during the period. Finally, BKM Wealth Management LLC lifted its holdings in shares of 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 worth $1,414,000 after purchasing an additional 327 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.0 %

SPDR Gold Shares stock opened at $275.24 on Friday. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $276.30. The company has a market capitalization of $82.74 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The stock has a 50-day moving average price of $261.08 and a 200 day moving average price of $249.53.

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).