Somerset Trust Co cut its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,382 shares of the exchange traded fund’s stock after selling 58 shares during the quarter. Somerset Trust Co’s holdings in SPDR Gold Shares were worth $246,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Tucker Asset Management LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at about $25,000. Graham Capital Wealth Management LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at about $263,837,000. Mendota Financial Group LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at about $27,000. Freedom Wealth Alliance LLC bought a new position in SPDR Gold Shares during the 4th quarter valued at about $28,000. Finally, NewSquare Capital LLC lifted its stake in SPDR Gold Shares by 781.8% during the 1st quarter. NewSquare Capital LLC now owns 194 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 172 shares during the period. Institutional investors own 40.99% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of NYSEARCA:GLD traded up $1.47 during trading on Friday, hitting $178.64. The company’s stock had a trading volume of 540,146 shares, compared to its average volume of 6,925,416. The company has a 50-day moving average of $179.31 and a 200-day moving average of $180.92. SPDR Gold Shares has a 12 month low of $150.57 and a 12 month high of $191.36.
About SPDR Gold Shares
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).
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