Heritage Trust Co Makes New $560,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Heritage Trust Co purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,311 shares of the exchange traded fund’s stock, valued at approximately $560,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. abrdn plc boosted its position 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 worth $3,391,000 after acquiring an additional 6,768 shares during the last quarter. WMG Financial Advisors LLC boosted 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 worth $1,294,000 after purchasing an additional 851 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its position in 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 valued at $1,201,000 after purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC grew its position in 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 valued at $15,659,000 after purchasing an additional 3,356 shares in the last quarter. Finally, BKM Wealth Management LLC increased its stake in SPDR Gold Shares by 5.9% in 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 buying an additional 327 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $297.93 on Friday. The business’s 50-day simple moving average is $274.59 and its 200 day simple moving average is $256.56. SPDR Gold Shares has a 52-week low of $210.71 and a 52-week high of $299.28. The firm has a market capitalization of $89.56 billion, a PE ratio of -30.67 and a beta of 0.17.

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).