Several major institutional investors have made changes to their positions in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

1. Summit Financial Wealth Advisors LLC decreased its stake in GLD by 1.1% in the 4th quarter, from 4,159 shares to 4,114 shares, with the value of the holdings decreasing to $1,069,000.
2. abrdn plc grew its position in shares of GLD by 93.7% during the fourth quarter, becoming the largest shareholder with 13,994 shares, valued at $3,391,000.
3. WMG Financial Advisors LLC raised its holdings in shares of GLD by 18.9% in the fourth quarter, from 5,244 shares to 5,344 shares, with the value of the holdings increasing to $1,294,000.
4. Cassaday & Co Wealth Management LLC boosted its stake in shares of GLD by 1.8% during the fourth quarter, from 4,947 shares to 4,962 shares, with the value of the holdings increasing to $1,201,000.
5. Measured Wealth Private Client Group LLC grew its holdings in shares of GLD by 5.5% in the fourth quarter, from 62,318 shares to 64,674 shares, with the value of the holdings increasing to $15,659,000.
6. BKM Wealth Management LLC increased its position in GLD by 5.9% in the 4th quarter, from 5,511 shares to 5,838 shares, with the value of the holdings increasing to $1,414,000.

These changes are part of a broader trend of institutional investors shifting their assets towards gold investments. According to data from the Investment Company Institute (ICI), institutional investors hold 42.19% of the company’s outstanding shares, indicating a significant interest in the asset.

SPDR Gold Shares (GLD) has been a popular choice among institutional investors, with a significant portion of its outstanding shares held by these entities. The company’s ability to attract such large investors is a testament to the growing demand for gold investments.

“Gold has long been a safe-haven asset, and its value is not correlated with the performance of other asset classes,” says John Paulson, founder and president of Paulson & Co. “As investors seek safe-haven assets in an uncertain economic environment, gold is likely to remain a popular choice.”

However, not all investors share the same sentiment. Some have expressed concerns about the volatility of gold prices and the potential risks associated with investing in gold. Key Points
* Institutional investors hold 42.19% of the company’s outstanding shares. * The largest shareholder, abrdn plc, owns 13,994 shares, valued at $3,391,000. * The market capitalization of SPDR Gold Shares is $87.26 billion, with a PE ratio of -30.67 and a beta of 0.17. * The company has a 50-day moving average of $273.23 and a 200-day moving average of $255.88. * SPDR Gold Shares has a 12-month low of $210.71 and a 12-month high of $291.30.

• Market capitalization: The total value of a company’s outstanding shares.
• PE ratio: The price-to-earnings ratio, which is a measure of a company’s valuation relative to its earnings.
• Beta: A measure of a company’s systematic risk or volatility.

In conclusion, SPDR Gold Shares (GLD) continues to be a popular choice among institutional investors, with a significant portion of its outstanding shares held by these entities. While concerns about gold prices and volatility exist, the asset remains a safe-haven choice in uncertain economic environments. As investors continue to seek safe-haven assets, gold is likely to remain a popular choice.