First Western Trust Bank Sells 95 Shares of SPDR Gold Shares (NYSEARCA:GLD)

First Western Trust Bank lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.6% in the second quarter, HoldingsChannel.com reports. The fund owned 1,014 shares of the exchange traded fund’s stock after selling 95 shares during the period. First Western Trust Bank’s holdings in SPDR Gold Shares were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. TKG Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 0.7% during the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after buying an additional 110 shares during the period. City Holding Co. boosted its holdings in shares of SPDR Gold Shares by 5.6% during the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after buying an additional 195 shares during the period. Ndwm LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $546,000. St. Johns Investment Management Company LLC boosted its holdings in shares of SPDR Gold Shares by 5.7% during the 1st quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after buying an additional 1,492 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in shares of SPDR Gold Shares by 32.2% during the 4th quarter. Independent Advisor Alliance now owns 98,074 shares of the exchange traded fund’s stock worth $18,749,000 after buying an additional 23,883 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.8 %

Shares of GLD stock opened at $232.35 on Friday. The company has a 50-day simple moving average of $225.12 and a 200 day simple moving average of $215.28. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $234.01.

SPDR Gold Shares 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).