WASHINGTON TRUST Co Has $1.28 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

WASHINGTON TRUST Co grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,281 shares of the exchange traded fund’s stock after buying an additional 306 shares during the quarter. WASHINGTON TRUST Co’s holdings in SPDR Gold Shares were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. WealthPLAN Partners LLC increased its position in SPDR Gold Shares by 60.6% during the fourth quarter. WealthPLAN Partners LLC now owns 2,904 shares of the exchange traded fund’s stock worth $703,000 after acquiring an additional 1,096 shares during the period. Center for Financial Planning Inc. bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $158,000. Quadrant Private Wealth Management LLC grew its position in shares of SPDR Gold Shares by 7.8% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 1,908 shares of the exchange traded fund’s stock worth $462,000 after purchasing an additional 138 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of SPDR Gold Shares by 29.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 9,016 shares of the exchange traded fund’s stock worth $2,183,000 after purchasing an additional 2,061 shares during the period. Finally, Blue Trust Inc. raised its position in shares of SPDR Gold Shares by 19.1% in the fourth quarter. Blue Trust Inc. now owns 27,214 shares of the exchange traded fund’s stock valued at $6,589,000 after buying an additional 4,358 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.5 %

Shares of GLD stock opened at $266.29 on Friday. SPDR Gold Shares has a 1 year low of $184.84 and a 1 year high of $270.39. The stock has a 50 day simple moving average of $250.28 and a 200 day simple moving average of $243.26.

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).