Kestra Investment Management LLC Invests $154,000 in SPDR Gold Shares (NYSEARCA:GLD)

Kestra Investment Management LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 638 shares of the exchange traded fund’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in SPDR Gold Shares by 17.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 186 shares during the last quarter. Empower Advisory Group LLC increased its stake in shares of SPDR Gold Shares by 3.0% in the fourth quarter. Empower Advisory Group LLC now owns 9,068 shares of the exchange traded fund’s stock worth $2,196,000 after acquiring an additional 263 shares during the period. Truist Financial Corp increased its stake in shares of SPDR Gold Shares by 6.0% in the fourth quarter. Truist Financial Corp now owns 519,835 shares of the exchange traded fund’s stock worth $125,868,000 after acquiring an additional 29,413 shares during the period. Pittenger & Anderson Inc. increased its stake in shares of SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 41 shares during the period. Finally, NTV Asset Management LLC increased its stake in shares of SPDR Gold Shares by 19.2% in the fourth quarter. NTV Asset Management LLC now owns 2,737 shares of the exchange traded fund’s stock worth $663,000 after acquiring an additional 440 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $270.99 on Friday. The firm’s fifty day moving average is $252.48 and its 200 day moving average is $244.82. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84.

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).