Orion Portfolio Solutions LLC Buys 2,373 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Orion Portfolio Solutions LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,915 shares of the exchange traded fund’s stock after buying an additional 2,373 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in SPDR Gold Shares were worth $2,885,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. abrdn plc raised its holdings 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 valued at $3,391,000 after acquiring an additional 6,768 shares in the last quarter. WMG Financial Advisors LLC raised its holdings in shares of 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 in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 1.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock worth $1,201,000 after purchasing an additional 90 shares during the period. Measured Wealth Private Client Group LLC boosted its stake in shares of 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 valued at $15,659,000 after purchasing an additional 3,356 shares in the last quarter. Finally, BKM Wealth Management LLC increased its holdings in SPDR Gold Shares by 5.9% during 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 during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.4 %

Shares of NYSEARCA:GLD opened at $288.14 on Tuesday. The firm has a 50 day moving average of $268.42 and a 200 day moving average of $253.41. The company has a market capitalization of $86.61 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $206.29 and a 52 week high of $289.13.

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).