Colonial Trust Advisors Has $3.44 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Colonial Trust Advisors lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.8% during the 4th quarter, Holdings Channel reports. The firm owned 14,209 shares of the exchange traded fund’s stock after purchasing an additional 2,545 shares during the quarter. Colonial Trust Advisors’ holdings in SPDR Gold Shares were worth $3,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors 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 worth $3,391,000 after acquiring an additional 6,768 shares during the period. WMG Financial Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 18.9% during the 4th quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after acquiring an additional 851 shares during the period. Cassaday & Co Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 90 shares during the period. Measured Wealth Private Client Group LLC lifted 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 acquiring an additional 3,356 shares during the period. Finally, BKM Wealth Management LLC lifted its holdings in shares of 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. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $285.38 on Thursday. The company has a market cap of $85.79 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. The firm has a 50 day simple moving average of $273.23 and a 200 day simple moving average of $255.88. SPDR Gold Shares has a one year low of $210.71 and a one year high of $289.13.

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).