Rockland Trust Co. Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Rockland Trust Co. reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 357,212 shares of the exchange traded fund’s stock after selling 6,649 shares during the quarter. SPDR Gold Shares comprises 4.4% of Rockland Trust Co.’s holdings, making the stock its 2nd largest holding. Rockland Trust Co.’s holdings in SPDR Gold Shares were worth $86,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares in the last quarter. Cerity Partners OCIO LLC acquired a new stake in SPDR Gold Shares in the second quarter worth $78,434,000. AlTi Global Inc. increased its stake in SPDR Gold Shares by 145.0% in the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after purchasing an additional 198,823 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of SPDR Gold Shares by 47.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after purchasing an additional 146,271 shares in the last quarter. Finally, Banco Santander S.A. grew its stake in shares of SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after buying an additional 114,151 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

Shares of SPDR Gold Shares stock opened at $247.03 on Wednesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business has a 50-day simple moving average of $243.74 and a 200 day simple moving average of $237.81.

SPDR Gold Shares Company 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).