Tiemann Investment Advisors LLC Trims Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Tiemann Investment Advisors LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,777 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. SPDR Gold Shares accounts for about 0.8% of Tiemann Investment Advisors LLC’s portfolio, making the stock its 24th largest position. Tiemann Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,883,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GLD. abrdn plc increased its position 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 worth $3,391,000 after purchasing an additional 6,768 shares during the last quarter. WMG Financial Advisors LLC grew its stake in SPDR Gold Shares by 18.9% in the fourth 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 holdings in SPDR Gold Shares by 1.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock valued at $1,201,000 after buying an additional 90 shares during the last quarter. Measured Wealth Private Client Group LLC raised its stake in SPDR Gold Shares by 5.5% during 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 buying an additional 3,356 shares in the last quarter. Finally, BKM Wealth Management LLC lifted its holdings in 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 buying an additional 327 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.1 %

Shares of GLD opened at $268.39 on Monday. The firm has a market cap of $80.68 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $272.32. The stock has a 50 day moving average of $258.24 and a 200-day moving average of $248.27.

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).