WealthPlan Investment Management LLC Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

WealthPlan Investment Management LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 20.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 903 shares of the exchange traded fund’s stock after selling 235 shares during the period. WealthPlan Investment Management LLC’s holdings in SPDR Gold Shares were worth $219,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. abrdn plc raised its stake in shares of SPDR Gold Shares by 93.7% during 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 period. Measured Wealth Private Client Group LLC raised its stake 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 worth $15,659,000 after buying an additional 3,356 shares during the period. Advance Capital Management Inc. raised its stake in shares of SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after buying an additional 316 shares during the period. GSA Capital Partners LLP acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $564,000. Finally, Beaird Harris Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 25.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock worth $499,000 after buying an additional 416 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.5 %

Shares of GLD stock opened at $266.29 on Friday. The stock has a 50 day simple moving average of $250.74 and a 200-day simple moving average of $243.57. SPDR Gold Shares has a 1-year low of $184.84 and a 1-year high of $270.39.

SPDR Gold Shares Company 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).