First Horizon Advisors Inc. Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

First Horizon Advisors Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 94,325 shares of the exchange traded fund’s stock after selling 6,061 shares during the quarter. First Horizon Advisors Inc.’s holdings in SPDR Gold Shares were worth $22,839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. abrdn plc raised its position 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 last quarter. Cassaday & Co Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 1.8% in 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 buying an additional 90 shares during the last quarter. Measured Wealth Private Client Group LLC grew its stake in shares of 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 grew its stake in shares of 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 worth $1,414,000 after buying an additional 327 shares during the last quarter. Finally, Advance Capital Management Inc. boosted its stake in SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after purchasing an additional 316 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

Shares of GLD opened at $270.74 on Friday. The business’s fifty day simple moving average is $253.00 and its two-hundred day simple moving average is $245.32. SPDR Gold Shares has a 12 month low of $187.05 and a 12 month high of $271.84.

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).