Fifth Third Bancorp Has $55.21 Million Stake in SPDR Gold Shares $GLD

Fifth Third Bancorp decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,126 shares of the exchange traded fund’s stock after selling 6,496 shares during the quarter. Fifth Third Bancorp’s holdings in SPDR Gold Shares were worth $55,213,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GLD. DAVENPORT & Co LLC grew its position in shares of SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after buying an additional 896,836 shares during the period. 59 North Capital Management LP grew its position in shares of SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after acquiring an additional 471,032 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in SPDR Gold Shares during the 2nd quarter worth approximately $120,429,000. Finally, Raymond James Financial Inc. boosted its stake in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $346.46 on Wednesday. The company’s 50 day simple moving average is $317.99 and its 200 day simple moving average is $305.41. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $348.75. The firm has a market capitalization of $115.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).