SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,198 shares of the exchange traded fund’s stock after selling 43 shares during the period. SPDR Gold Shares makes up approximately 4.9% of Palumbo Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Palumbo Wealth Management LLC’s holdings in SPDR Gold Shares were worth $13,123,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. abrdn plc increased 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 worth $3,391,000 after buying an additional 6,768 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings 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 last quarter. Advance Capital Management Inc. increased its holdings 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 last quarter. GSA Capital Partners LLP acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $564,000. Finally, Beaird Harris Wealth Management LLC increased its holdings 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 last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $266.29 on Friday. The company 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 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).