Bank of New York Mellon Corp Has $38.78 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Bank of New York Mellon Corp cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,600 shares of the exchange traded fund’s stock after selling 4,796 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR Gold Shares were worth $38,783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors grew its position in SPDR Gold Shares by 10.5% during the 1st quarter. World Investment Advisors now owns 26,867 shares of the exchange traded fund’s stock worth $7,741,000 after acquiring an additional 2,553 shares during the last quarter. Wayfinding Financial LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth $118,000. Olde Wealth Management LLC grew its position in shares of SPDR Gold Shares by 1.0% in the 1st quarter. Olde Wealth Management LLC now owns 6,766 shares of the exchange traded fund’s stock valued at $1,949,000 after buying an additional 69 shares during the last quarter. Truist Financial Corp grew its position in shares of SPDR Gold Shares by 10.9% in the 1st quarter. Truist Financial Corp now owns 576,278 shares of the exchange traded fund’s stock valued at $166,049,000 after buying an additional 56,443 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in shares of SPDR Gold Shares by 15.4% in the 1st quarter. Capital Investment Advisory Services LLC now owns 31,632 shares of the exchange traded fund’s stock valued at $9,114,000 after buying an additional 4,227 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.4%

NYSEARCA GLD opened at $308.01 on Tuesday. The business’s 50-day moving average price is $306.55 and its two-hundred day moving average price is $284.52. SPDR Gold Shares has a 12 month low of $217.52 and a 12 month high of $317.63. The firm has a market capitalization of $101.95 billion, a PE ratio of -32.43 and a beta of 0.15.

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).