Envestnet Portfolio Solutions Inc. Has $24.12 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Envestnet Portfolio Solutions Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,596 shares of the exchange traded fund’s stock after purchasing an additional 2,118 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Gold Shares were worth $24,115,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in 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 acquiring an additional 6,768 shares during the period. WMG Financial Advisors LLC grew its position in SPDR Gold Shares by 18.9% in the 4th quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock valued at $1,294,000 after purchasing an additional 851 shares during the period. Cassaday & Co Wealth Management LLC increased its stake in SPDR Gold Shares by 1.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock valued at $1,201,000 after purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC raised its holdings in 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 buying an additional 3,356 shares during the last quarter. Finally, BKM Wealth Management LLC lifted 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 buying an additional 327 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $275.24 on Friday. SPDR Gold Shares has a one year low of $198.94 and a one year high of $276.30. The company has a market cap of $82.74 billion, a PE ratio of -29.30 and a beta of 0.20. The firm has a 50-day moving average of $261.08 and a 200-day moving average of $249.53.

SPDR Gold Shares Company 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).