SPDR Gold Shares (NYSEARCA:GLD) Stake Raised by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 31.8% in the fourth quarter, Holdings Channel reports. The firm owned 3,427 shares of the exchange traded fund’s stock after buying an additional 826 shares during the period. First Citizens Bank & Trust Co.’s holdings in SPDR Gold Shares were worth $655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Intrepid Capital Management Inc. purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $27,000. Johnson Midwest Financial LLC raised its stake in shares of SPDR Gold Shares by 350.0% during the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $34,000. Worth Asset Management LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $36,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of SPDR Gold Shares by 111.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 216 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 114 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.5 %

GLD opened at $210.86 on Wednesday. The business has a 50-day moving average of $193.44 and a 200-day moving average of $187.01. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $211.03.

About SPDR Gold Shares

(Free Report)

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).

Further Reading

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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