TBH Global Asset Management LLC Decreases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

TBH Global Asset Management LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,628 shares of the exchange traded fund’s stock after selling 150 shares during the quarter. TBH Global Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,363,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. abrdn plc increased 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 purchasing an additional 6,768 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its holdings in SPDR Gold Shares by 5.5% in 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 buying an additional 3,356 shares during the last quarter. BKM Wealth Management LLC increased its stake in SPDR Gold Shares by 5.9% during the 4th 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 in the last quarter. Advance Capital Management Inc. raised its holdings in shares of SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after acquiring an additional 316 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $564,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.1 %

Shares of NYSEARCA:GLD opened at $270.85 on Thursday. SPDR Gold Shares has a 1 year low of $187.05 and a 1 year high of $271.33. The business’s 50 day moving average price is $252.00 and its 200-day moving average price is $244.63.

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).