Arete Wealth Advisors LLC Has $15.40 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Arete Wealth Advisors LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,612 shares of the exchange traded fund’s stock after selling 1,544 shares during the quarter. SPDR Gold Shares accounts for 1.1% of Arete Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Arete Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $15,402,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. abrdn plc raised its holdings in shares of 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 purchasing an additional 6,768 shares in the last quarter. WMG Financial Advisors LLC raised its holdings 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 valued at $1,294,000 after buying an additional 851 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of 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 worth $1,201,000 after buying an additional 90 shares during the last quarter. Measured Wealth Private Client Group LLC boosted its stake in shares of SPDR Gold Shares by 5.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock worth $15,659,000 after acquiring an additional 3,356 shares in the last quarter. Finally, BKM Wealth Management LLC increased its holdings in shares of SPDR Gold Shares by 5.9% during 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 last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

Shares of SPDR Gold Shares stock opened at $288.16 on Thursday. The firm has a fifty day simple moving average of $269.78 and a 200-day simple moving average of $253.99. The stock has a market capitalization of $86.62 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 1-year low of $210.30 and a 1-year high of $291.22.

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).