Wernau Asset Management Inc. Buys Shares of 2,045 SPDR Gold Shares (NYSEARCA:GLD)

Wernau Asset Management Inc. purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,045 shares of the exchange traded fund’s stock, valued at approximately $495,000.

Several other hedge funds have also recently modified their holdings of GLD. abrdn plc lifted its stake in shares of SPDR Gold Shares by 93.7% in 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 period. Cassaday & Co Wealth Management LLC raised its holdings in SPDR Gold Shares by 1.8% during 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 purchasing an additional 90 shares in the last quarter. Measured Wealth Private Client Group LLC lifted 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 during the period. BKM Wealth Management LLC boosted its holdings 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 purchasing an additional 327 shares in the last quarter. Finally, Advance Capital Management Inc. increased its position in 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 worth $892,000 after purchasing an additional 316 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.6 %

Shares of GLD stock opened at $263.27 on Monday. SPDR Gold Shares has a 12-month low of $189.23 and a 12-month high of $272.32. The company has a market cap of $79.14 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The stock has a 50 day simple moving average of $255.57 and a 200-day simple moving average of $246.95.

SPDR Gold Shares 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).