US Bancorp DE lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 653,118 shares of the exchange traded fund’s stock after selling 58,183 shares during the quarter. US Bancorp DE owned about 0.19% of SPDR Gold Shares worth $104,472,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. Marino Management LLC bought a new position in SPDR Gold Shares in the fourth quarter valued at approximately $441,880,000. Mizuho Bank Ltd. lifted its stake in SPDR Gold Shares by 124.3% in the fourth quarter. Mizuho Bank Ltd. now owns 2,400,000 shares of the exchange traded fund’s stock valued at $428,064,000 after buying an additional 1,330,000 shares in the last quarter. Morgan Stanley lifted its stake in SPDR Gold Shares by 4.9% in the fourth quarter. Morgan Stanley now owns 14,912,925 shares of the exchange traded fund’s stock valued at $2,659,869,000 after buying an additional 699,438 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of SPDR Gold Shares by 37.9% in the fourth quarter. Synovus Financial Corp now owns 966,549 shares of the exchange traded fund’s stock valued at $172,394,000 after purchasing an additional 265,690 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 56.9% in the fourth quarter. AE Wealth Management LLC now owns 703,123 shares of the exchange traded fund’s stock valued at $125,409,000 after purchasing an additional 254,894 shares during the last quarter. 43.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSEARCA GLD traded down $0.13 during midday trading on Tuesday, reaching $167.68. The company’s stock had a trading volume of 273,770 shares, compared to its average volume of 9,125,334. SPDR Gold Shares has a fifty-two week low of $157.04 and a fifty-two week high of $194.45. The stock has a 50 day simple moving average of $163.77 and a 200-day simple moving average of $169.87.
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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