Cedar Wealth Management LLC Sells 619 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cedar Wealth Management LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,437 shares of the exchange traded fund’s stock after selling 619 shares during the quarter. Cedar Wealth Management LLC’s holdings in SPDR Gold Shares were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. abrdn plc increased its holdings in shares of SPDR Gold Shares by 93.7% during the fourth 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 boosted its position 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 worth $1,294,000 after purchasing an additional 851 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in 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 valued at $1,201,000 after acquiring an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its position 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 valued at $15,659,000 after acquiring an additional 3,356 shares in the last quarter. Finally, BKM Wealth Management LLC increased its stake in SPDR Gold Shares by 5.9% in 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 buying an additional 327 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.8 %

Shares of GLD stock opened at $278.49 on Friday. SPDR Gold Shares has a 1 year low of $200.97 and a 1 year high of $281.48. The firm’s fifty day moving average price is $264.47 and its two-hundred day moving average price is $251.20. The firm has a market capitalization of $83.71 billion, a P/E ratio of -29.30 and a beta of 0.20.

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).