Mechanics Bank Trust Department Sells 874 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Mechanics Bank Trust Department decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,147 shares of the exchange traded fund’s stock after selling 874 shares during the quarter. Mechanics Bank Trust Department’s holdings in SPDR Gold Shares were worth $1,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in SPDR Gold Shares by 2.5% during the 1st quarter. Fifth Third Bancorp now owns 243,688 shares of the exchange traded fund’s stock worth $44,649,000 after acquiring an additional 5,910 shares during the period. Zions Bancorporation N.A. bought a new stake in SPDR Gold Shares in the first quarter worth approximately $92,000. Aries Wealth Management lifted its stake in SPDR Gold Shares by 1.9% in the first quarter. Aries Wealth Management now owns 10,477 shares of the exchange traded fund’s stock valued at $1,920,000 after buying an additional 191 shares during the period. Ciovacco Capital Management LLC boosted its holdings in shares of SPDR Gold Shares by 99.3% during the 1st quarter. Ciovacco Capital Management LLC now owns 13,822 shares of the exchange traded fund’s stock worth $2,532,000 after buying an additional 6,886 shares in the last quarter. Finally, Bremer Bank National Association acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $212,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

SPDR Gold Shares stock opened at $178.34 on Friday. SPDR Gold Shares has a 12-month low of $150.57 and a 12-month high of $191.36. The firm’s fifty day moving average is $179.30 and its 200 day moving average is $181.06.

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).