SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Moulton Wealth Management Inc.

Moulton Wealth Management Inc. lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,568 shares of the exchange traded fund’s stock after selling 276 shares during the quarter. SPDR Gold Shares accounts for approximately 1.2% of Moulton Wealth Management Inc.’s holdings, making the stock its 21st largest holding. Moulton Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $1,604,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GLD. Tallon Kerry Patrick acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $547,000. Ironwood Wealth Management LLC. boosted its holdings in SPDR Gold Shares by 8.5% in the fourth quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock worth $288,000 after acquiring an additional 93 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $7,794,000. Finally, abrdn plc lifted its holdings in shares of SPDR Gold Shares by 93.7% during the fourth quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock worth $3,391,000 after purchasing an additional 6,768 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.3%

SPDR Gold Shares stock opened at $305.18 on Friday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The company has a market capitalization of $99.79 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The stock has a 50-day moving average price of $300.63 and a 200 day moving average price of $272.64.

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).