SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 935 shares of the exchange traded fund’s stock after selling 133 shares during the period. Gallacher Capital Management LLC’s holdings in SPDR Gold Shares were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of GLD. abrdn plc grew its stake 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 worth $3,391,000 after purchasing an additional 6,768 shares during the period. WMG Financial Advisors LLC increased its position in SPDR Gold Shares by 18.9% during the 4th 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 in the last quarter. Cassaday & Co Wealth Management LLC raised its position 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 buying an additional 90 shares during the last quarter. Measured Wealth Private Client Group LLC grew its stake 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 worth $15,659,000 after buying an additional 3,356 shares during the period. Finally, BKM Wealth Management LLC boosted its position 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 worth $1,414,000 after buying an additional 327 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.0 %

SPDR Gold Shares stock opened at $275.24 on Monday. The stock has a market cap of $82.74 billion, a P/E ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $276.30. The stock has a 50 day moving average of $261.08 and a 200-day moving average of $249.65.

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).