Keybank National Association OH Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Keybank National Association OH cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,393 shares of the exchange traded fund’s stock after selling 3,695 shares during the period. Keybank National Association OH’s holdings in SPDR Gold Shares were worth $32,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Clarus Group Inc. boosted its stake in shares of 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. Kellett Wealth Advisors LLC increased its stake in shares of SPDR Gold Shares by 3.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after buying an additional 40 shares during the period. Magnus Financial Group LLC raised its holdings in SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 41 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in SPDR Gold Shares by 2.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 41 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.9 %

Shares of NYSEARCA:GLD opened at $269.06 on Wednesday. SPDR Gold Shares has a 52 week low of $196.65 and a 52 week high of $272.32. The company’s 50 day moving average is $256.64 and its two-hundred day moving average is $247.49. The company has a market cap of $80.88 billion, a PE ratio of -28.59 and a beta of 0.20.

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).