First Citizens Bank & Trust Co. Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

First Citizens Bank & Trust Co. raised its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,427 shares of the exchange traded fund’s stock after buying an additional 826 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in SPDR Gold Shares were worth $655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pinnacle Financial Partners Inc grew its holdings in SPDR Gold Shares by 215.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 55,351 shares of the exchange traded fund’s stock valued at $10,581,000 after buying an additional 37,793 shares during the period. Durante & Waters LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at about $269,000. Silverlake Wealth Management LLC grew its holdings in SPDR Gold Shares by 28.2% in the 4th quarter. Silverlake Wealth Management LLC now owns 10,204 shares of the exchange traded fund’s stock valued at $1,951,000 after buying an additional 2,247 shares during the period. Zimmermann Investment Management & Planning LLC grew its holdings in SPDR Gold Shares by 14.4% in the 4th quarter. Zimmermann Investment Management & Planning LLC now owns 3,314 shares of the exchange traded fund’s stock valued at $634,000 after buying an additional 418 shares during the period. Finally, Parsons Capital Management Inc. RI grew its holdings in SPDR Gold Shares by 1.5% in the 4th quarter. Parsons Capital Management Inc. RI now owns 38,056 shares of the exchange traded fund’s stock valued at $7,275,000 after buying an additional 562 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.5 %

NYSEARCA GLD opened at $210.86 on Wednesday. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $211.03. The business’s 50-day simple moving average is $193.44 and its 200-day simple moving average is $187.01.

About SPDR Gold Shares

(Free Report)

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).

See Also

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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