Truist Financial Corp Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Truist Financial Corp raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 519,835 shares of the exchange traded fund’s stock after buying an additional 29,413 shares during the period. Truist Financial Corp owned about 0.17% of SPDR Gold Shares worth $125,868,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLD. Romano Brothers AND Company grew its holdings in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares during the last quarter. Clarus Group Inc. boosted its position in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares during the period. Magnus Financial Group LLC boosted its position in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares during the period. Pittenger & Anderson Inc. boosted its position in SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 41 shares during the period. Finally, Gradient Capital Advisors LLC boosted its position in SPDR Gold Shares by 0.7% in the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 42 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $266.29 on Monday. SPDR Gold Shares has a 1 year low of $184.84 and a 1 year high of $270.39. The firm has a 50-day moving average of $250.74 and a two-hundred day moving average of $243.84.

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).