Ballentine Partners LLC Has $8.16 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Ballentine Partners LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,681 shares of the exchange traded fund’s stock after selling 257 shares during the period. Ballentine Partners LLC’s holdings in SPDR Gold Shares were worth $8,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. International Assets Investment Management LLC lifted its stake in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the period. Stifel Financial Corp raised its holdings in SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares in the last quarter. State Street Corp lifted its position in shares of SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after acquiring an additional 47,507 shares during the period. US Bancorp DE grew its holdings in shares of 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 purchasing an additional 3,614 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of SPDR Gold Shares by 4.9% during the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after purchasing an additional 30,952 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $249.27 on Tuesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business has a fifty day simple moving average of $243.85 and a 200 day simple moving average of $238.51.

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).