AMG National Trust Bank Sells 3,006 Shares of SPDR Gold Shares $GLD

AMG National Trust Bank decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,867 shares of the exchange traded fund’s stock after selling 3,006 shares during the quarter. SPDR Gold Shares makes up 0.9% of AMG National Trust Bank’s holdings, making the stock its 26th biggest position. AMG National Trust Bank’s holdings in SPDR Gold Shares were worth $36,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the second quarter worth approximately $26,000. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares during the third quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $31,000. Traub Capital Management LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $34,000. Finally, Kilter Group LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at $34,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $468.62 on Friday. SPDR Gold Shares has a 52 week low of $261.25 and a 52 week high of $509.70. The firm’s 50-day simple moving average is $432.80 and its 200 day simple moving average is $381.63. The firm has a market cap of $178.12 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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SPDR Gold Shares Profile

(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.

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

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