SPDR Gold Shares (NYSEARCA:GLD) is GLOBALT Investments LLC GA’s 3rd Largest Position

GLOBALT Investments LLC GA lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 604,371 shares of the exchange traded fund’s stock after selling 2,950 shares during the period. SPDR Gold Shares accounts for about 5.6% of GLOBALT Investments LLC GA’s investment portfolio, making the stock its 3rd largest holding. GLOBALT Investments LLC GA owned about 0.20% of SPDR Gold Shares worth $146,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. abrdn plc grew its stake 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 buying an additional 6,768 shares during the last quarter. WMG Financial Advisors LLC increased its holdings in shares of SPDR Gold Shares by 18.9% during the fourth 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% in the 4th 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 during the last quarter. 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 worth $15,659,000 after purchasing an additional 3,356 shares in the last quarter. Finally, BKM Wealth Management LLC grew its position in 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 valued at $1,414,000 after purchasing an additional 327 shares during the last quarter. 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 $275.24 on Friday. SPDR Gold Shares has a 52-week low of $198.94 and a 52-week high of $276.30. The company has a market cap of $82.74 billion, a PE ratio of -29.30 and a beta of 0.20. The firm’s 50 day moving average price is $261.08 and its 200-day moving average price is $249.53.

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).