FreeGulliver LLC Acquires Shares of 8,221 SPDR Gold Shares (NYSEARCA:GLD)

FreeGulliver LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 8,221 shares of the exchange traded fund’s stock, valued at approximately $1,991,000. SPDR Gold Shares comprises approximately 0.9% of FreeGulliver LLC’s holdings, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. abrdn plc raised its stake in shares of 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 during the last quarter. WMG Financial Advisors LLC raised its stake in shares of SPDR Gold Shares by 18.9% during the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after buying an additional 851 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its stake 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 last quarter. Measured Wealth Private Client Group LLC raised its stake in shares of 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 worth $15,659,000 after buying an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 5.9% during the fourth 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. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $279.96 on Wednesday. The company has a market cap of $84.16 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The firm has a 50 day simple moving average of $262.46 and a 200 day simple moving average of $250.30. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $280.22.

SPDR Gold Shares Company 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).