Gables Capital Management Inc. Acquires 100 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Gables Capital Management Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,698 shares of the exchange traded fund’s stock after acquiring an additional 100 shares during the quarter. Gables Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. abrdn plc boosted its stake in SPDR Gold Shares by 93.7% in 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 period. WMG Financial Advisors LLC boosted its stake in SPDR Gold Shares by 18.9% in 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 purchasing an additional 851 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in 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 valued at $1,201,000 after purchasing an additional 90 shares during the period. Measured Wealth Private Client Group LLC boosted its stake in 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 valued at $15,659,000 after purchasing an additional 3,356 shares during the period. Finally, BKM Wealth Management LLC boosted its stake in 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 valued at $1,414,000 after purchasing an additional 327 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $266.04 on Tuesday. The business has a fifty day simple moving average of $258.75 and a 200 day simple moving average of $248.53. The company has a market capitalization of $79.97 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $272.32.

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).