Cadence Bank Has $449,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Cadence Bank boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,856 shares of the exchange traded fund’s stock after purchasing an additional 124 shares during the quarter. Cadence Bank’s holdings in SPDR Gold Shares were worth $449,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its position 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 worth $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $450,109,000. Wealthfront Advisers LLC raised its stake in shares of SPDR Gold Shares by 1,374.2% in 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 fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after purchasing an additional 32,712 shares during the period. Finally, US Bancorp DE boosted its stake in SPDR Gold Shares by 0.5% during the fourth quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock worth $168,309,000 after buying an additional 3,470 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $306.12 on Friday. The company has a market capitalization of $92.02 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. The company has a 50-day moving average of $278.32 and a 200-day moving average of $258.47. SPDR Gold Shares has a 52 week low of $210.71 and a 52 week high of $308.06.

About SPDR Gold Shares

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).