SPDR Gold Shares $GLD Shares Acquired by City Holding Co.

City Holding Co. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 33.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,144 shares of the exchange traded fund’s stock after purchasing an additional 3,573 shares during the period. City Holding Co.’s holdings in SPDR Gold Shares were worth $5,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $26,000. Kilter Group LLC purchased a new position in shares of SPDR Gold Shares in the second quarter worth approximately $34,000. Traub Capital Management LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its holdings in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $398.28 on Monday. SPDR Gold Shares has a 52 week low of $242.05 and a 52 week high of $418.45. The firm has a market capitalization of $149.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average price of $385.59 and a 200 day moving average price of $348.66.

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About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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