First Commonwealth Financial Corp PA Has $1.01 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

First Commonwealth Financial Corp PA decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,156 shares of the exchange traded fund’s stock after selling 72 shares during the period. First Commonwealth Financial Corp PA’s holdings in SPDR Gold Shares were worth $1,006,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in SPDR Gold Shares during the 3rd quarter worth $1,929,000. SOA Wealth Advisors LLC. boosted its position in shares of SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 68 shares during the period. World Investment Advisors LLC raised its holdings in shares of SPDR Gold Shares by 17.3% in the third quarter. World Investment Advisors LLC now owns 15,479 shares of the exchange traded fund’s stock valued at $3,762,000 after purchasing an additional 2,288 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in SPDR Gold Shares by 451.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,860 shares of the exchange traded fund’s stock worth $13,577,000 after buying an additional 45,724 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of SPDR Gold Shares by 12.7% during the 3rd quarter. Tidal Investments LLC now owns 14,850 shares of the exchange traded fund’s stock worth $3,609,000 after purchasing an additional 1,676 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $307.47 on Thursday. The company has a market capitalization of $92.43 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 52-week low of $210.71 and a 52-week high of $308.39. The company has a 50-day simple moving average of $276.79 and a 200 day simple moving average of $257.62.

SPDR Gold Shares Company 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).