US Bancorp DE Has $168.11 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

US Bancorp DE boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 691,648 shares of the exchange traded fund’s stock after purchasing an additional 3,614 shares during the quarter. US Bancorp DE’s holdings in SPDR Gold Shares were worth $168,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $25,000. Semmax Financial Advisors Inc. grew its holdings in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the period. Private Ocean LLC increased its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares during the second quarter valued at about $29,000. Finally, EdgeRock Capital LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $37,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD traded down $5.08 during trading hours on Thursday, hitting $252.42. The stock had a trading volume of 4,395,326 shares, compared to its average volume of 6,951,367. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $257.71. The firm has a 50 day simple moving average of $241.54 and a 200-day simple moving average of $227.15.

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).