SPDR Gold Shares (NYSEARCA:GLD) Stake Lessened by Trek Financial LLC

Trek Financial LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,535 shares of the exchange traded fund’s stock after selling 4,594 shares during the quarter. Trek Financial LLC’s holdings in SPDR Gold Shares were worth $3,519,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. abrdn plc increased its holdings in SPDR Gold Shares by 93.7% in the fourth 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 during the last quarter. WMG Financial Advisors LLC raised its position in shares of SPDR Gold Shares by 18.9% during the 4th quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock valued at $1,294,000 after acquiring an additional 851 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its position in shares of SPDR Gold Shares by 1.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock valued at $1,201,000 after acquiring an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC lifted 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 worth $15,659,000 after purchasing an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC boosted its holdings in SPDR Gold Shares by 5.9% in the fourth quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock worth $1,414,000 after purchasing an additional 327 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $279.72 on Friday. The company’s fifty day moving average is $270.91 and its two-hundred day moving average is $254.62. SPDR Gold Shares has a 1-year low of $210.71 and a 1-year high of $289.13. The stock has a market capitalization of $84.08 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17.

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).