Wallington Asset Management LLC Has $12.88 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Wallington Asset Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,178 shares of the exchange traded fund’s stock after selling 1,005 shares during the period. SPDR Gold Shares makes up approximately 1.9% of Wallington Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Wallington Asset Management LLC’s holdings in SPDR Gold Shares were worth $12,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GoalFusion Wealth Management LLC boosted its stake in SPDR Gold Shares by 2.0% in the fourth quarter. GoalFusion Wealth Management LLC now owns 15,313 shares of the exchange traded fund’s stock valued at $3,708,000 after buying an additional 306 shares in the last quarter. CGN Advisors LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $264,000. Sanibel Captiva Trust Company Inc. lifted its holdings in shares of SPDR Gold Shares by 10.0% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 5,037 shares of the exchange traded fund’s stock worth $1,220,000 after acquiring an additional 456 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of SPDR Gold Shares by 12.1% in the 4th quarter. Arkadios Wealth Advisors now owns 39,540 shares of the exchange traded fund’s stock valued at $9,574,000 after purchasing an additional 4,275 shares in the last quarter. Finally, Lake Street Private Wealth LLC increased its position in SPDR Gold Shares by 120.3% during the 4th quarter. Lake Street Private Wealth LLC now owns 1,097 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 599 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $249.27 on Friday. The company’s 50 day moving average price is $243.82 and its two-hundred day moving average price is $237.98. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.

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).