SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,273 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Jessup Wealth Management Inc’s holdings in SPDR Gold Shares were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. abrdn plc increased its holdings in shares of 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 purchasing an additional 6,768 shares during the last quarter. Measured Wealth Private Client Group LLC boosted 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. BKM Wealth Management LLC grew its holdings in shares of 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 valued at $1,414,000 after purchasing an additional 327 shares during the period. Advance Capital Management Inc. increased its position in SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in SPDR Gold Shares in the 3rd quarter valued at about $564,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $270.85 on Thursday. SPDR Gold Shares has a 1 year low of $187.05 and a 1 year high of $271.33. The company has a 50 day simple moving average of $252.00 and a 200-day simple moving average of $244.63.

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).