Rakuten Securities Inc. Has $202,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Rakuten Securities Inc. cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 54.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 833 shares of the exchange traded fund’s stock after selling 990 shares during the period. Rakuten Securities Inc.’s holdings in SPDR Gold Shares were worth $202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. abrdn plc grew its stake in SPDR Gold Shares by 93.7% in the fourth 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. WMG Financial Advisors LLC raised its position in SPDR Gold Shares by 18.9% during the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after acquiring an additional 851 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in 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 acquiring an additional 90 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in SPDR Gold Shares by 5.5% in the fourth 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 acquiring an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC grew its position 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 valued at $1,414,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.2 %

Shares of NYSEARCA GLD opened at $269.16 on Wednesday. The company has a market capitalization of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $198.94 and a 12 month high of $272.32. The stock has a 50 day moving average of $259.29 and a 200-day moving average of $248.79.

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).