SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 304.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,724 shares of the exchange traded fund’s stock after purchasing an additional 15,605 shares during the quarter. Lake Street Advisors Group LLC’s holdings in SPDR Gold Shares were worth $5,018,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GLD. abrdn plc boosted its stake in SPDR Gold Shares by 93.7% during the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after purchasing an additional 6,768 shares during the period. Cassaday & Co Wealth Management LLC boosted its position 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 buying an additional 90 shares during the period. Measured Wealth Private Client Group LLC grew 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 in the last quarter. BKM Wealth Management LLC increased its position in SPDR Gold Shares by 5.9% in the 4th quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock valued at $1,414,000 after acquiring an additional 327 shares during the period. Finally, Advance Capital Management Inc. increased its position in SPDR Gold Shares by 9.4% in the 4th 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 period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $268.62 on Wednesday. The firm has a market capitalization of $80.75 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $187.53 and a 1 year high of $272.32. The stock has a fifty day moving average of $254.04 and a two-hundred day moving average of $246.15.

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).