McClarren Financial Advisors Inc. Cuts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

McClarren Financial Advisors Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 43.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 188 shares of the exchange traded fund’s stock after selling 143 shares during the period. McClarren Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $45,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. abrdn plc raised its stake in shares of SPDR Gold Shares by 93.7% in the fourth quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock worth $3,391,000 after purchasing an additional 6,768 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in 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 valued at $15,659,000 after acquiring an additional 3,356 shares during the period. Advance Capital Management Inc. boosted its holdings in shares of SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after acquiring an additional 316 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $564,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 25.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock worth $499,000 after acquiring an additional 416 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $267.67 on Thursday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $268.66. The company’s 50 day moving average is $249.27 and its 200 day moving average is $242.89.

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).