SPDR Gold Shares $GLD Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,124 shares of the exchange traded fund’s stock after selling 13,925 shares during the quarter. Fifth Third Bancorp’s holdings in SPDR Gold Shares were worth $64,648,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in SPDR Gold Shares in the third quarter valued at approximately $556,282,000. Corient Private Wealth LLC raised its position in SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after buying an additional 559,507 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in SPDR Gold Shares by 103.7% during the 4th quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock valued at $225,461,000 after acquiring an additional 289,550 shares during the period. Children s Medical Center Corp acquired a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $88,734,000. Finally, iA Global Asset Management Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $77,873,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting SPDR Gold Shares

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $423.66 on Friday. The company’s fifty day moving average price is $444.17 and its 200-day moving average price is $419.90. SPDR Gold Shares has a 1-year low of $291.78 and a 1-year high of $509.70. The firm has a market capitalization of $155.19 billion, a P/E ratio of -32.43 and a beta of 0.20.

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Featured Articles

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)

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.