Sterling Financial Planning Inc. Cuts Position in SPDR Gold Shares (NYSEARCA:GLD)

Sterling Financial Planning Inc. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,629 shares of the exchange traded fund’s stock after selling 519 shares during the period. SPDR Gold Shares makes up about 1.3% of Sterling Financial Planning Inc.’s holdings, making the stock its 24th largest holding. Sterling Financial Planning Inc.’s holdings in SPDR Gold Shares were worth $3,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. abrdn plc boosted its holdings in SPDR Gold Shares by 93.7% during the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after acquiring an additional 6,768 shares during the period. Measured Wealth Private Client Group LLC lifted its position in shares of SPDR Gold Shares by 5.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock worth $15,659,000 after purchasing an additional 3,356 shares in the last quarter. BKM Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 327 shares during the period. Advance Capital Management Inc. grew its holdings in shares of SPDR Gold Shares by 9.4% in the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after purchasing an additional 316 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $564,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.1 %

SPDR Gold Shares stock opened at $270.85 on Thursday. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.33. The company’s 50 day moving average is $252.00 and its two-hundred day moving average is $244.63.

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).