SPDR Gold Shares (NYSEARCA:GLD) Position Cut by Somerset Trust Co

Somerset Trust Co decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,690 shares of the exchange traded fund’s stock after selling 73 shares during the quarter. Somerset Trust Co’s holdings in SPDR Gold Shares were worth $411,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $25,000. Semmax Financial Advisors Inc. grew its position in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $26,000. Private Ocean LLC increased its stake in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Security National Bank bought a new stake in SPDR Gold Shares during the first quarter worth approximately $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.5 %

Shares of GLD stock opened at $241.05 on Thursday. The business’s fifty day moving average is $234.46 and its 200-day moving average is $223.00. SPDR Gold Shares has a 1 year low of $171.90 and a 1 year high of $247.37.

SPDR Gold Shares 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).