James J. Burns & Company LLC Lowers Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

James J. Burns & Company LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,990 shares of the exchange traded fund’s stock after selling 100 shares during the period. James J. Burns & Company LLC’s holdings in SPDR Gold Shares were worth $482,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of GLD. Welch Group LLC boosted its position in shares of SPDR Gold Shares by 1.4% during the 4th quarter. Welch Group LLC now owns 7,764 shares of the exchange traded fund’s stock worth $1,868,000 after purchasing an additional 105 shares in the last quarter. Clay Northam Wealth Management LLC boosted its holdings in SPDR Gold Shares by 18.0% during the fourth quarter. Clay Northam Wealth Management LLC now owns 2,748 shares of the exchange traded fund’s stock worth $665,000 after buying an additional 420 shares in the last quarter. abrdn plc boosted its holdings 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. E&G Advisors LP grew its position in SPDR Gold Shares by 7.9% during the fourth quarter. E&G Advisors LP now owns 24,775 shares of the exchange traded fund’s stock worth $5,996,000 after buying an additional 1,815 shares during the period. Finally, Holistic Planning LLC purchased a new position in SPDR Gold Shares in the fourth quarter valued at about $298,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $259.94 on Tuesday. The business’s 50 day simple moving average is $246.38 and its 200-day simple moving average is $240.80. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $261.39.

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).