Lake Hills Wealth Management LLC Has $10.34 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Lake Hills Wealth Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 69.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,881 shares of the exchange traded fund’s stock after purchasing an additional 14,717 shares during the quarter. SPDR Gold Shares comprises 7.1% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Lake Hills Wealth Management LLC’s holdings in SPDR Gold Shares were worth $10,339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. abrdn plc boosted its stake 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 in the last quarter. WMG Financial Advisors LLC lifted its holdings in shares of 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 purchasing an additional 851 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted 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 purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC raised its holdings 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 in the last quarter. Finally, BKM Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 5.9% during 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. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 1.3%

Shares of NYSEARCA:GLD opened at $305.18 on Friday. SPDR Gold Shares has a 1 year low of $211.54 and a 1 year high of $317.63. The business has a fifty day simple moving average of $300.63 and a 200 day simple moving average of $272.44. The firm has a market cap of $99.79 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).