First National Trust Co Has $83.38 Million Stock Position in SPDR Gold Shares $GLD

First National Trust Co decreased its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 18.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 234,571 shares of the exchange traded fund’s stock after selling 52,535 shares during the quarter. SPDR Gold Shares accounts for about 2.9% of First National Trust Co’s investment portfolio, making the stock its 7th largest holding. First National Trust Co’s holdings in SPDR Gold Shares were worth $83,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mccarter Private Wealth Services LLC grew its holdings in shares of SPDR Gold Shares by 3.2% during the third quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock valued at $309,000 after buying an additional 27 shares in the last quarter. Norris Perne & French LLP MI boosted its position in SPDR Gold Shares by 3.3% during the 3rd quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock worth $310,000 after acquiring an additional 28 shares during the period. Revisor Wealth Management LLC grew its stake in SPDR Gold Shares by 2.4% during the 3rd quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock valued at $452,000 after acquiring an additional 29 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its holdings in shares of SPDR Gold Shares by 12.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 29 shares during the period. Finally, Phil A. Younker & Associates Ltd. lifted its position in shares of SPDR Gold Shares by 4.0% in the third quarter. Phil A. Younker & Associates Ltd. now owns 781 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Up 2.5%

GLD stock opened at $467.03 on Tuesday. The company has a 50 day moving average of $419.94 and a two-hundred day moving average of $372.93. The company has a market cap of $177.52 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $261.25 and a 12-month high of $509.70.

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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