First Western Trust Bank trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 12.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,229 shares of the exchange traded fund’s stock after selling 175 shares during the period. First Western Trust Bank’s holdings in SPDR Gold Shares were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of GLD. Sei Investments Co. purchased a new position in SPDR Gold Shares in the first quarter worth about $24,420,000. Covestor Ltd increased its position in shares of SPDR Gold Shares by 69.4% during the 1st quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 218 shares during the last quarter. Merit Financial Group LLC raised its holdings in SPDR Gold Shares by 18.6% during the 1st quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 435 shares during the period. Prudential Financial Inc. boosted its stake in SPDR Gold Shares by 32.5% during the first quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock worth $6,666,000 after buying an additional 9,049 shares during the period. Finally, Alethea Capital Management LLC boosted its stake in SPDR Gold Shares by 9.1% during the first quarter. Alethea Capital Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $217,000 after buying an additional 100 shares during the period. 40.99% of the stock is currently owned by institutional investors.
SPDR Gold Shares Price Performance
Shares of GLD stock opened at $185.83 on Tuesday. The stock has a 50 day moving average price of $178.86 and a 200 day moving average price of $179.99. SPDR Gold Shares has a 52-week low of $161.56 and a 52-week high of $191.36.
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).
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