Hilltop National Bank Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Hilltop National Bank boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 18.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,593 shares of the exchange traded fund’s stock after purchasing an additional 400 shares during the period. Hilltop National Bank’s holdings in SPDR Gold Shares were worth $628,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GLD. International Assets Investment Management LLC grew its holdings in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SPDR Gold Shares by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after purchasing an additional 28,683 shares in the last quarter. Stifel Financial Corp increased its holdings in SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after buying an additional 100,149 shares during the last quarter. State Street Corp raised its stake in SPDR Gold Shares by 6.6% during the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after buying an additional 47,507 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in SPDR Gold Shares by 0.5% during the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after buying an additional 3,614 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD traded up $2.44 during trading hours on Friday, hitting $248.30. 6,154,527 shares of the stock were exchanged, compared to its average volume of 5,359,721. The stock has a 50-day simple moving average of $244.10 and a 200-day simple moving average of $236.81. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

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).