Ameliora Wealth Management Ltd. Acquires 901 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Ameliora Wealth Management Ltd. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 98.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,818 shares of the exchange traded fund’s stock after purchasing an additional 901 shares during the period. Ameliora Wealth Management Ltd.’s holdings in SPDR Gold Shares were worth $524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLD. Tallon Kerry Patrick acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth $547,000. Ironwood Wealth Management LLC. lifted its holdings in shares of SPDR Gold Shares by 8.5% during the 4th quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 93 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $7,794,000. Finally, abrdn plc lifted its holdings in shares of SPDR Gold Shares by 93.7% during the 4th quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock valued at $3,391,000 after purchasing an additional 6,768 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.5%

Shares of GLD opened at $306.62 on Tuesday. SPDR Gold Shares has a 12 month low of $212.12 and a 12 month high of $317.63. The stock has a fifty day moving average price of $301.00 and a 200-day moving average price of $273.21. The firm has a market cap of $100.26 billion, a PE ratio of -32.43 and a beta of 0.11.

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).