Inspire Advisors LLC Acquires 419 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Inspire Advisors LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,874 shares of the exchange traded fund’s stock after acquiring an additional 419 shares during the period. Inspire Advisors LLC’s holdings in SPDR Gold Shares were worth $696,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. abrdn plc increased its position 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 in the last quarter. WMG Financial Advisors LLC increased its position in shares of 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 increased its position in shares of SPDR Gold Shares by 1.8% during 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 purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC increased its position 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. Finally, BKM Wealth Management LLC increased its position in shares of 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 purchasing an additional 327 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.2 %

Shares of SPDR Gold Shares stock opened at $269.16 on Wednesday. The stock has a market capitalization of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20. The company has a 50-day simple moving average of $259.29 and a 200 day simple moving average of $248.79. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $272.32.

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).