AMG National Trust Bank Sells 475 Shares of SPDR Gold Shares (NYSEARCA:GLD)

AMG National Trust Bank reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,973 shares of the exchange traded fund’s stock after selling 475 shares during the quarter. AMG National Trust Bank’s holdings in SPDR Gold Shares were worth $25,984,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GLD. Harbor Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares in the third quarter valued at $219,000. Maia Wealth LLC bought a new position in shares of SPDR Gold Shares in the third quarter valued at $72,000. D.B. Root & Company LLC grew its stake in shares of SPDR Gold Shares by 3.6% in the third quarter. D.B. Root & Company LLC now owns 8,780 shares of the exchange traded fund’s stock valued at $2,134,000 after buying an additional 303 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its stake in shares of SPDR Gold Shares by 6.6% in the third quarter. Walkner Condon Financial Advisors LLC now owns 10,565 shares of the exchange traded fund’s stock valued at $2,568,000 after buying an additional 652 shares in the last quarter. Finally, GGM Financials LLC grew its stake in shares of SPDR Gold Shares by 70.5% in the third quarter. GGM Financials LLC now owns 3,095 shares of the exchange traded fund’s stock valued at $752,000 after buying an additional 1,280 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.5 %

NYSEARCA:GLD opened at $268.25 on Friday. The firm has a fifty day simple moving average of $257.70 and a 200 day simple moving average of $247.79. SPDR Gold Shares has a 1-year low of $198.91 and a 1-year high of $272.32. The stock has a market capitalization of $80.64 billion, a PE ratio of -28.59 and a beta of 0.20.

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).