abrdn plc increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 93.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,994 shares of the exchange traded fund’s stock after acquiring an additional 6,768 shares during the period. abrdn plc’s holdings in SPDR Gold Shares were worth $3,391,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. E&G Advisors LP grew its stake in shares of SPDR Gold Shares by 7.9% during the 4th quarter. E&G Advisors LP now owns 24,775 shares of the exchange traded fund’s stock worth $5,996,000 after acquiring an additional 1,815 shares in the last quarter. Holistic Planning LLC bought a new position in SPDR Gold Shares in the fourth quarter valued at $298,000. EQ Wealth Advisors LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at $235,000. Financial Life Planners bought a new stake in SPDR Gold Shares during the 4th quarter worth about $91,000. Finally, Rice Partnership LLC boosted its stake in shares of SPDR Gold Shares by 9.0% during the 4th quarter. Rice Partnership LLC now owns 143,563 shares of the exchange traded fund’s stock worth $34,761,000 after buying an additional 11,854 shares during the last quarter. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA GLD opened at $263.90 on Monday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $266.35. The business has a 50-day moving average of $248.30 and a 200-day moving average of $242.07.
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).
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