Investors Buy High Volume of SPDR Gold Shares Call Options (NYSEARCA:GLD)

SPDR Gold Shares (NYSEARCA:GLD) saw some unusual options trading activity on Friday. Traders acquired 251,503 call options on the company. This is an increase of 17% compared to the typical volume of 214,634 call options.

Institutional Investors Weigh In On SPDR Gold Shares

A number of institutional investors have recently modified their holdings of the stock. abrdn plc raised its stake in SPDR Gold Shares by 93.7% during the fourth 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. WMG Financial Advisors LLC raised its stake in SPDR Gold Shares by 18.9% during the fourth quarter. WMG Financial Advisors LLC now owns 5,344 shares of the exchange traded fund’s stock worth $1,294,000 after acquiring an additional 851 shares during the period. Cassaday & Co Wealth Management LLC raised its stake 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 acquiring an additional 90 shares during the period. Measured Wealth Private Client Group LLC increased its stake in shares of 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. Finally, BKM Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 5.9% in the fourth 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 during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $268.39 on Friday. The stock has a market cap of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20. The firm has a 50-day moving average of $258.24 and a two-hundred day moving average of $248.05. SPDR Gold Shares has a 1-year low of $198.94 and a 1-year high of $272.32.

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).