Atlantic Union Bankshares Corp Cuts Position in SPDR Gold Shares (NYSEARCA:GLD)

Atlantic Union Bankshares Corp cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% in the third quarter, HoldingsChannel.com reports. The fund owned 65,967 shares of the exchange traded fund’s stock after selling 1,865 shares during the period. SPDR Gold Shares makes up about 0.9% of Atlantic Union Bankshares Corp’s investment portfolio, making the stock its 24th biggest position. Atlantic Union Bankshares Corp’s holdings in SPDR Gold Shares were worth $16,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Romano Brothers AND Company boosted its stake in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares during the last quarter. Delta Financial Group Inc. increased its stake in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 41 shares during the last quarter. Spinnaker Trust raised its holdings in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the period. Compton Wealth Advisory Group LLC raised its stake in shares of SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 44 shares during the period. Finally, Acorn Wealth Advisors LLC raised its position in SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 44 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.2 %

Shares of NYSEARCA:GLD opened at $243.49 on Friday. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71. The firm’s 50-day moving average is $246.46 and its two-hundred day moving average is $231.27.

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).