SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Towneley Capital Management Inc DE

Towneley Capital Management Inc DE trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,836 shares of the exchange traded fund’s stock after selling 385 shares during the period. SPDR Gold Shares accounts for about 0.8% of Towneley Capital Management Inc DE’s investment portfolio, making the stock its 16th biggest holding. Towneley Capital Management Inc DE’s holdings in SPDR Gold Shares were worth $3,410,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GLD. abrdn plc boosted its holdings in 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 buying an additional 6,768 shares in the last quarter. WMG Financial Advisors LLC lifted its position 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 valued at $1,294,000 after acquiring an additional 851 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake 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 in the last quarter. Measured Wealth Private Client Group LLC grew its holdings in shares of SPDR Gold Shares by 5.5% in 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 grew 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 worth $1,414,000 after acquiring an additional 327 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $305.18 on Friday. The business has a 50 day moving average price of $300.63 and a 200 day moving average price of $272.44. The company has a market capitalization of $99.79 billion, a P/E ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63.

About SPDR Gold Shares

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).