Lane & Associates LLC Invests $208,000 in SPDR Gold Shares (NYSEARCA:GLD)

Lane & Associates LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 804 shares of the exchange traded fund’s stock, valued at approximately $208,000.

Several other institutional investors have also bought and sold shares of the stock. abrdn plc boosted its stake 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 in the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in SPDR Gold Shares by 5.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock valued at $15,659,000 after purchasing an additional 3,356 shares during the last quarter. BKM Wealth Management LLC boosted its position in SPDR Gold Shares by 5.9% in the fourth quarter. BKM Wealth Management LLC now owns 5,838 shares of the exchange traded fund’s stock valued at $1,414,000 after buying an additional 327 shares in the last quarter. Advance Capital Management Inc. grew its stake in SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after buying an additional 316 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of SPDR Gold Shares during the third quarter worth approximately $564,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $270.99 on Friday. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84. The business’s 50 day simple moving average is $252.48 and its 200-day simple moving average is $244.82.

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).