Acorn Wealth Advisors LLC Has $1.14 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Acorn Wealth Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 44.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,693 shares of the exchange traded fund’s stock after acquiring an additional 1,451 shares during the period. Acorn Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. abrdn plc grew 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 worth $3,391,000 after buying an additional 6,768 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 1.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock worth $1,201,000 after acquiring an additional 90 shares during the period. Measured Wealth Private Client Group LLC grew its holdings in shares of SPDR Gold Shares by 5.5% during the 4th 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 in the last quarter. BKM Wealth Management LLC increased its position 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 valued at $1,414,000 after purchasing an additional 327 shares during the period. Finally, Advance Capital Management Inc. raised its stake 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 owned by institutional investors.

SPDR Gold Shares Trading Up 0.5 %

GLD opened at $272.21 on Tuesday. The firm’s fifty day moving average price is $253.55 and its two-hundred day moving average price is $245.84. SPDR Gold Shares has a fifty-two week low of $187.53 and a fifty-two week high of $272.32.

About SPDR Gold Shares

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).