BlueChip Wealth Advisors LLC Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

BlueChip Wealth Advisors LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,274 shares of the exchange traded fund’s stock after selling 320 shares during the quarter. SPDR Gold Shares accounts for 2.5% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 12th biggest position. BlueChip Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $4,425,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. abrdn plc boosted its position 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 valued at $3,391,000 after buying an additional 6,768 shares during the period. WMG Financial Advisors LLC grew its stake in shares of SPDR Gold Shares by 18.9% in the 4th quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after buying an additional 851 shares during the last quarter. Cassaday & Co Wealth Management LLC increased 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 valued at $1,201,000 after buying an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC raised 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 valued at $15,659,000 after buying an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC boosted its holdings in SPDR Gold Shares by 5.9% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $284.06 on Friday. The business has a fifty day moving average price of $267.64 and a 200-day moving average price of $252.76. The company has a market capitalization of $85.39 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 1-year low of $206.29 and a 1-year high of $284.64.

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).