Pinnacle Bank increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 87.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,813 shares of the exchange traded fund’s stock after purchasing an additional 1,313 shares during the quarter. Pinnacle Bank’s holdings in SPDR Gold Shares were worth $471,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. ERTS Wealth Advisors LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at about $30,000. Key Financial Inc purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $48,000. American Research & Management Co. acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth $50,000. West Bancorporation Inc. purchased a new position in SPDR Gold Shares during the 1st quarter worth $50,000. Finally, First Horizon Advisors Inc. increased its position in SPDR Gold Shares by 49.6% during the 1st quarter. First Horizon Advisors Inc. now owns 380 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 126 shares in the last quarter.
Shares of GLD stock traded up $0.88 during trading hours on Tuesday, reaching $168.86. 966,974 shares of the company’s stock were exchanged, compared to its average volume of 12,927,670. SPDR Gold Shares has a 1 year low of $131.16 and a 1 year high of $168.00. The stock’s fifty day moving average price is $163.44 and its two-hundred day moving average price is $154.19.
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).
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