M&T Bank Corp Has $22.93 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

M&T Bank Corp trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,343 shares of the exchange traded fund’s stock after selling 1,524 shares during the quarter. M&T Bank Corp’s holdings in SPDR Gold Shares were worth $22,931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Romano Brothers AND Company raised its holdings in SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares during the last quarter. Delta Financial Group Inc. increased its position in shares of SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 41 shares in the last quarter. Spinnaker Trust raised its holdings in shares of SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after acquiring an additional 43 shares during the last quarter. Compton Wealth Advisory Group LLC lifted its position in SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 44 shares in the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 1.4% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 44 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $242.10 on Friday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The stock has a 50 day moving average price of $246.48 and a two-hundred day moving average price of $234.25.

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).