First Commonwealth Financial Corp PA Has $1.01 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

First Commonwealth Financial Corp PA reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,156 shares of the exchange traded fund’s stock after selling 72 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in SPDR Gold Shares were worth $1,006,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its holdings in SPDR Gold Shares by 24,245.2% during the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after purchasing an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares in the 4th quarter worth $450,109,000. Wealthfront Advisers LLC raised its position in SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in SPDR Gold Shares by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after buying an additional 32,712 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of SPDR Gold Shares by 0.5% in the 4th quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock valued at $168,309,000 after acquiring an additional 3,470 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $307.47 on Thursday. SPDR Gold Shares has a fifty-two week low of $210.71 and a fifty-two week high of $308.39. The firm has a market cap of $92.43 billion, a P/E ratio of -30.67 and a beta of 0.17. The business’s 50 day moving average price is $276.79 and its 200-day moving average price is $257.62.

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).