Private Trust Co. NA Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Private Trust Co. NA grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,158 shares of the exchange traded fund’s stock after acquiring an additional 1,772 shares during the quarter. Private Trust Co. NA’s holdings in SPDR Gold Shares were worth $2,469,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its position in shares of SPDR Gold Shares by 15.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,905 shares of the exchange traded fund’s stock worth $803,000 after purchasing an additional 513 shares during the period. BOKF NA lifted its holdings in SPDR Gold Shares by 38.9% in the first quarter. BOKF NA now owns 8,369 shares of the exchange traded fund’s stock worth $1,739,000 after buying an additional 2,342 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in SPDR Gold Shares during the 1st quarter valued at approximately $309,000. Captrust Financial Advisors grew its holdings in shares of SPDR Gold Shares by 2.8% during the 1st quarter. Captrust Financial Advisors now owns 257,960 shares of the exchange traded fund’s stock worth $53,068,000 after acquiring an additional 6,963 shares during the period. Finally, Sweeney & Michel LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter worth approximately $759,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $243.35 on Monday. The business has a 50 day moving average of $246.03 and a 200-day moving average of $230.74. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week high of $257.71.

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).