Evexia Wealth LLC Has $3.40 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Evexia Wealth LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,928 shares of the exchange traded fund’s stock after selling 208 shares during the period. SPDR Gold Shares comprises about 1.2% of Evexia Wealth LLC’s portfolio, making the stock its 27th largest position. Evexia Wealth LLC’s holdings in SPDR Gold Shares were worth $3,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tallon Kerry Patrick acquired a new stake in SPDR Gold Shares in the 4th quarter valued at $547,000. Ironwood Wealth Management LLC. increased its stake in SPDR Gold Shares by 8.5% in the 4th quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock valued at $288,000 after buying an additional 93 shares during the last quarter. Brighton Jones LLC increased its stake in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in SPDR Gold Shares in the 4th quarter valued at $7,794,000. Finally, abrdn plc grew its position 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 valued at $3,391,000 after acquiring an additional 6,768 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $305.18 on Friday. The firm has a 50-day moving average of $300.63 and a 200-day moving average of $272.44. SPDR Gold Shares has a one year low of $211.54 and a one year high of $317.63. The company has a market cap of $99.79 billion, a PE ratio of -32.43 and a beta of 0.11.

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).