SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Lessened by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 37,007 shares of the exchange traded fund’s stock after selling 5,203 shares during the period. Bank Pictet & Cie Europe AG’s holdings in SPDR Gold Shares were worth $8,920,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. abrdn plc grew its stake in shares of SPDR Gold Shares by 93.7% in the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after buying an additional 6,768 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its stake in SPDR Gold Shares by 5.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock valued at $15,659,000 after acquiring an additional 3,356 shares during the last quarter. Advance Capital Management Inc. grew its position in 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 worth $892,000 after acquiring an additional 316 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth $564,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 25.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $499,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.5 %

GLD stock opened at $266.29 on Friday. SPDR Gold Shares has a 1 year low of $184.84 and a 1 year high of $270.39. The company has a fifty day simple moving average of $250.28 and a 200 day simple moving average of $243.26.

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).