SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by King Wealth Management Group

King Wealth Management Group increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 39.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,437 shares of the exchange traded fund’s stock after buying an additional 405 shares during the quarter. King Wealth Management Group’s holdings in SPDR Gold Shares were worth $348,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GLD. abrdn plc grew its holdings 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 worth $3,391,000 after acquiring an additional 6,768 shares during the last quarter. WMG Financial Advisors LLC raised its holdings in SPDR Gold Shares by 18.9% during the 4th quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after buying an additional 851 shares during the period. Cassaday & Co Wealth Management LLC lifted its stake in SPDR Gold Shares by 1.8% during 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 buying an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its holdings in shares of 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 worth $15,659,000 after buying an additional 3,356 shares during the period. Finally, BKM Wealth Management LLC increased its position 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 worth $1,414,000 after acquiring an additional 327 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $275.13 on Friday. The firm has a 50 day simple moving average of $260.45 and a 200 day simple moving average of $249.12. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $277.14. The company has a market cap of $82.70 billion, a PE ratio of -28.59 and a beta of 0.20.

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).