SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Meridian Wealth Partners LLC

Meridian Wealth Partners LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 24.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,552 shares of the exchange traded fund’s stock after purchasing an additional 501 shares during the quarter. Meridian Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $618,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. abrdn plc increased its stake in 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 in the last quarter. WMG Financial Advisors LLC lifted its holdings 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 valued at $1,294,000 after acquiring an additional 851 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in 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 acquiring an additional 90 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in SPDR Gold Shares by 5.5% during the fourth 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 lifted its stake in SPDR Gold Shares by 5.9% during the fourth quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock worth $1,414,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

NYSEARCA:GLD opened at $278.49 on Friday. The stock’s fifty day moving average is $264.47 and its two-hundred day moving average is $251.20. SPDR Gold Shares has a 52 week low of $200.97 and a 52 week high of $281.48. The stock has a market capitalization of $83.71 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.

SPDR Gold Shares 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).