Halbert Hargrove Global Advisors LLC Takes $59,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Halbert Hargrove Global Advisors LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel.com reports. The firm purchased 242 shares of the exchange traded fund’s stock, valued at approximately $59,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. abrdn plc raised 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 valued at $3,391,000 after acquiring an additional 6,768 shares during the period. Cassaday & Co Wealth Management LLC grew its position in SPDR Gold Shares by 1.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock worth $1,201,000 after purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC raised its position 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 valued at $15,659,000 after buying an additional 3,356 shares during the period. BKM Wealth Management LLC boosted its position in SPDR Gold Shares by 5.9% during the 4th quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 327 shares during the period. Finally, Advance Capital Management Inc. boosted its position in 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 acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.6 %

Shares of NYSEARCA GLD opened at $263.27 on Friday. The firm has a market capitalization of $79.14 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a one year low of $189.23 and a one year high of $272.32. The business has a 50-day moving average price of $255.57 and a two-hundred day moving average price of $246.81.

About SPDR Gold Shares

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).