Lam Group Inc. Has $524,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Lam Group Inc. lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,741 shares of the exchange traded fund’s stock after selling 98 shares during the quarter. Lam Group Inc.’s holdings in SPDR Gold Shares were worth $524,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Waldron Private Wealth LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $335,000. PCG Wealth Advisors LLC increased its position in shares of SPDR Gold Shares by 2.8% in the 4th quarter. PCG Wealth Advisors LLC now owns 41,324 shares of the exchange traded fund’s stock valued at $7,900,000 after buying an additional 1,145 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of SPDR Gold Shares by 29.2% in the 4th quarter. Simplicity Wealth LLC now owns 4,285 shares of the exchange traded fund’s stock valued at $819,000 after buying an additional 968 shares in the last quarter. Outlook Wealth Advisors LLC increased its position in shares of SPDR Gold Shares by 21.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 2,698 shares of the exchange traded fund’s stock valued at $516,000 after buying an additional 479 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its position in shares of SPDR Gold Shares by 36.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 4,732 shares of the exchange traded fund’s stock valued at $905,000 after buying an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock traded up $0.19 during trading hours on Monday, reaching $217.08. 4,478,383 shares of the stock were exchanged, compared to its average volume of 7,670,848. The firm’s 50-day moving average is $198.31 and its 200-day moving average is $189.37. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09.

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).