Private Trust Co. NA Decreases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Private Trust Co. NA trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,195 shares of the exchange traded fund’s stock after selling 963 shares during the quarter. Private Trust Co. NA’s holdings in SPDR Gold Shares were worth $2,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ergawealth Advisors Inc. purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $338,000. Parkside Financial Bank & Trust increased its position in SPDR Gold Shares by 232.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 631 shares of the exchange traded fund’s stock worth $153,000 after buying an additional 441 shares during the last quarter. Fort Sheridan Advisors LLC increased its position in SPDR Gold Shares by 51.6% in the fourth quarter. Fort Sheridan Advisors LLC now owns 1,604 shares of the exchange traded fund’s stock worth $388,000 after buying an additional 546 shares during the last quarter. A&I Financial Services LLC purchased a new stake in SPDR Gold Shares in the fourth quarter worth $211,000. Finally, Linscomb Wealth Inc. increased its position in SPDR Gold Shares by 6.1% in the fourth quarter. Linscomb Wealth Inc. now owns 1,413 shares of the exchange traded fund’s stock worth $342,000 after buying an additional 81 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $264.93 on Friday. The business has a fifty day simple moving average of $255.14 and a two-hundred day simple moving average of $246.43. SPDR Gold Shares has a 1 year low of $188.03 and a 1 year high of $272.32. The company has a market capitalization of $79.64 billion, a P/E 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).