Financial Engines Advisors L.L.C. Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Financial Engines Advisors L.L.C. boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 34.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,360 shares of the exchange traded fund’s stock after buying an additional 604 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in SPDR Gold Shares were worth $571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. abrdn plc boosted its position in shares of SPDR Gold Shares by 93.7% in the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after purchasing an additional 6,768 shares during the period. WMG Financial Advisors LLC lifted its stake in SPDR Gold Shares by 18.9% in the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock valued at $1,294,000 after buying an additional 851 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 1.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock valued at $1,201,000 after acquiring an additional 90 shares during the period. Measured Wealth Private Client Group LLC grew its position in shares of 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 worth $15,659,000 after acquiring an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC increased its holdings in shares of SPDR Gold Shares by 5.9% in the 4th quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock valued at $1,414,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $281.97 on Friday. SPDR Gold Shares has a 1-year low of $203.87 and a 1-year high of $284.19. The stock has a market cap of $84.76 billion, a P/E ratio of -29.30 and a beta of 0.20. The firm has a fifty day moving average price of $266.95 and a 200 day moving average price of $252.39.

SPDR Gold Shares Company 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).