Ledyard National Bank lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,994 shares of the exchange traded fund’s stock after purchasing an additional 394 shares during the quarter. Ledyard National Bank’s holdings in SPDR Gold Shares were worth $319,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in SPDR Gold Shares by 4.9% in the 4th quarter. Morgan Stanley now owns 14,912,925 shares of the exchange traded fund’s stock valued at $2,659,869,000 after purchasing an additional 699,438 shares in the last quarter. Marino Management LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter worth $441,880,000. Mizuho Bank Ltd. raised its holdings in shares of SPDR Gold Shares by 124.3% during the 4th quarter. Mizuho Bank Ltd. now owns 2,400,000 shares of the exchange traded fund’s stock worth $428,064,000 after acquiring an additional 1,330,000 shares during the period. LPL Financial LLC raised its holdings in shares of SPDR Gold Shares by 10.3% during the 4th quarter. LPL Financial LLC now owns 2,272,496 shares of the exchange traded fund’s stock worth $405,322,000 after acquiring an additional 212,715 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 2.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,039,632 shares of the exchange traded fund’s stock worth $185,429,000 after acquiring an additional 21,233 shares during the period. 43.90% of the stock is currently owned by hedge funds and other institutional investors.
NYSEARCA GLD opened at $167.81 on Tuesday. SPDR Gold Shares has a 52 week low of $157.04 and a 52 week high of $194.45. The business’s fifty day simple moving average is $163.77 and its 200-day simple moving average is $169.87.
About SPDR Gold Shares
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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