Advisory Alpha LLC Sells 962 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Advisory Alpha LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 36.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,659 shares of the exchange traded fund’s stock after selling 962 shares during the quarter. Advisory Alpha LLC’s holdings in SPDR Gold Shares were worth $478,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GLD. abrdn plc lifted its position in SPDR Gold Shares by 93.7% during the fourth quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after acquiring an additional 6,768 shares during the last quarter. WMG Financial Advisors LLC grew its holdings 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 during the last quarter. Cassaday & Co Wealth Management LLC increased its position 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 purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in shares of SPDR Gold Shares by 5.5% during the 4th 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 purchasing an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC boosted its position 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 purchasing an additional 327 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $303.60 on Friday. The stock’s fifty day moving average price is $298.11 and its 200 day moving average price is $270.25. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63. The company has a market cap of $91.26 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12.

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).