Pinnacle Financial Partners Inc Has $24.04 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Pinnacle Financial Partners Inc lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 98,901 shares of the exchange traded fund’s stock after selling 346 shares during the period. Pinnacle Financial Partners Inc’s holdings in SPDR Gold Shares were worth $24,039,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after acquiring an additional 3,010,682 shares during the period. Toronto Dominion Bank raised its position in SPDR Gold Shares by 23.6% in the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after purchasing an additional 1,079,452 shares during the period. Arizona PSPRS Trust purchased a new position in SPDR Gold Shares in the 2nd quarter worth approximately $157,187,000. Cetera Investment Advisers grew its holdings in SPDR Gold Shares by 461.0% in the 1st quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock worth $144,501,000 after acquiring an additional 577,210 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its position in shares of SPDR Gold Shares by 9,654.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after buying an additional 544,807 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

NYSEARCA:GLD opened at $240.10 on Wednesday. The firm’s 50-day moving average price is $244.59 and its 200-day moving average price is $229.15. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $257.71.

SPDR Gold Shares 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).