Middleton & Co. Inc. MA Sells 100 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Middleton & Co. Inc. MA decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,135 shares of the exchange traded fund’s stock after selling 100 shares during the period. Middleton & Co. Inc. MA’s holdings in SPDR Gold Shares were worth $275,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. abrdn plc lifted its holdings 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 valued at $3,391,000 after purchasing an additional 6,768 shares during the last quarter. Cassaday & Co Wealth Management LLC increased 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 valued at $1,201,000 after acquiring an additional 90 shares during the period. Measured Wealth Private Client Group LLC increased its position in shares of 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 during the period. BKM Wealth Management LLC increased its position in shares of 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 acquiring an additional 327 shares during the period. Finally, Advance Capital Management Inc. increased its position in shares of SPDR Gold Shares by 9.4% in the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after acquiring an additional 316 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $263.27 on Friday. The stock’s fifty day moving average price is $255.57 and its 200 day moving average price is $246.68. SPDR Gold Shares has a 1 year low of $189.23 and a 1 year high of $272.32. The company has a market cap of $79.14 billion, a price-to-earnings ratio of -28.59 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).