Oakworth Capital Inc. Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Oakworth Capital Inc. cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,368 shares of the exchange traded fund’s stock after selling 1,227 shares during the period. SPDR Gold Shares makes up 0.8% of Oakworth Capital Inc.’s holdings, making the stock its 24th biggest holding. Oakworth Capital Inc.’s holdings in SPDR Gold Shares were worth $10,202,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GLD. First Personal Financial Services purchased a new stake in SPDR Gold Shares during the 4th quarter worth approximately $25,000. Johnson Midwest Financial LLC raised its position in SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 140 shares during the last quarter. Private Ocean LLC raised its position in SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter worth $34,000. Finally, Worth Asset Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth $36,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD traded down $1.87 during trading hours on Wednesday, reaching $219.35. The company’s stock had a trading volume of 9,926,680 shares, compared to its average volume of 7,876,342. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09. The company’s 50-day moving average is $199.63 and its two-hundred day moving average is $190.06.

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).