Mechanics Bank Trust Department lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,138 shares of the exchange traded fund’s stock after selling 105 shares during the period. Mechanics Bank Trust Department’s holdings in SPDR Gold Shares were worth $1,006,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at $33,000. Chicago Partners Investment Group LLC lifted its position in SPDR Gold Shares by 6.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,826 shares of the exchange traded fund’s stock valued at $340,000 after purchasing an additional 117 shares during the period. Scarborough Advisors LLC boosted its stake in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Scarborough Advisors LLC now owns 26,197 shares of the exchange traded fund’s stock valued at $5,008,000 after purchasing an additional 180 shares during the last quarter. Wellington Management Group LLP grew its position in shares of SPDR Gold Shares by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 221,938 shares of the exchange traded fund’s stock worth $42,428,000 after buying an additional 17,428 shares during the period. Finally, Slagle Financial LLC raised its stake in shares of SPDR Gold Shares by 99.5% during the fourth quarter. Slagle Financial LLC now owns 2,556 shares of the exchange traded fund’s stock worth $489,000 after buying an additional 1,275 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 1.1 %
GLD opened at $245.47 on Monday. The company has a fifty day moving average price of $235.20 and a two-hundred day moving average price of $223.75. SPDR Gold Shares has a 52 week low of $173.24 and a 52 week high of $247.37.
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).
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