HTLF Bank Sells 450 Shares of SPDR Gold Shares (NYSEARCA:GLD)

HTLF Bank trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.0% during the third quarter, Holdings Channel reports. The firm owned 1,425 shares of the exchange traded fund’s stock after selling 450 shares during the period. HTLF Bank’s holdings in SPDR Gold Shares were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Corepath Wealth Partners LLC increased its holdings in shares of SPDR Gold Shares by 3.7% during the third quarter. Corepath Wealth Partners LLC now owns 30,208 shares of the exchange traded fund’s stock worth $7,403,000 after buying an additional 1,069 shares in the last quarter. Keystone Wealth Services LLC acquired a new stake in SPDR Gold Shares during the 3rd quarter valued at $223,000. First Pacific Financial raised its position in SPDR Gold Shares by 26,400.0% in the 3rd quarter. First Pacific Financial now owns 3,710 shares of the exchange traded fund’s stock valued at $902,000 after purchasing an additional 3,696 shares during the last quarter. Peak Financial Management Inc. acquired a new position in SPDR Gold Shares in the third quarter worth $229,000. Finally, RDA Financial Network grew its holdings in shares of SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after purchasing an additional 88 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $0.83 during trading on Tuesday, reaching $245.90. The company’s stock had a trading volume of 5,636,736 shares, compared to its average volume of 6,995,424. The stock has a 50-day moving average price of $235.65 and a two-hundred day moving average price of $224.02. SPDR Gold Shares has a one year low of $177.54 and a one year high of $247.37.

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).