SPDR Gold Shares (NYSEARCA:GLD) Position Raised by Nemes Rush Group LLC

Nemes Rush Group LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,440 shares of the exchange traded fund’s stock after purchasing an additional 300 shares during the period. Nemes Rush Group LLC’s holdings in SPDR Gold Shares were worth $591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. abrdn plc raised its holdings 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 in the last quarter. WMG Financial Advisors LLC grew its position 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 buying an additional 851 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of 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 in the last quarter. Measured Wealth Private Client Group LLC lifted its position 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 acquiring an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 327 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.2 %

Shares of NYSEARCA GLD opened at $287.57 on Wednesday. SPDR Gold Shares has a 52-week low of $208.36 and a 52-week high of $289.13. The stock has a market capitalization of $86.44 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. The stock’s fifty day simple moving average is $269.11 and its 200 day simple moving average is $253.75.

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).