Farmers Trust Co. Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Farmers Trust Co. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,968 shares of the exchange traded fund’s stock after selling 105 shares during the period. Farmers Trust Co.’s holdings in SPDR Gold Shares were worth $2,414,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after buying an additional 28,683 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after buying an additional 100,149 shares in the last quarter. State Street Corp grew its position in shares of SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after buying an additional 47,507 shares during the last quarter. Finally, Arizona PSPRS Trust acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $157,187,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $0.93 during trading hours on Wednesday, hitting $245.49. The company had a trading volume of 4,961,385 shares, compared to its average volume of 4,959,568. The business has a 50 day moving average of $244.48 and a 200-day moving average of $236.69. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.

SPDR Gold Shares Company 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).