NBT Bank N A NY Has $2.29 Million Stock Position in SPDR Gold Shares $GLD

NBT Bank N A NY reduced its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 37.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,435 shares of the exchange traded fund’s stock after selling 3,865 shares during the period. NBT Bank N A NY’s holdings in SPDR Gold Shares were worth $2,287,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GLD. Laurel Wealth Advisors LLC raised its stake in SPDR Gold Shares by 31,232.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after purchasing an additional 2,913,079 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after purchasing an additional 559,507 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of SPDR Gold Shares during the second quarter valued at about $120,429,000. TD Asset Management Inc raised its position in shares of SPDR Gold Shares by 108.4% during the second quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock valued at $208,855,000 after buying an additional 356,401 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new stake in shares of SPDR Gold Shares in the second quarter valued at about $101,508,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.5%

Shares of GLD opened at $421.29 on Friday. The stock’s 50-day moving average price is $395.73 and its 200 day moving average price is $355.72. The firm has a market capitalization of $158.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $249.15 and a 12-month high of $426.86.

Key Stories Impacting SPDR Gold Shares

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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.

See Also

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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