Truist Financial Corp Sells 4,433 Shares of SPDR Gold Shares $GLD

Truist Financial Corp lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 571,845 shares of the exchange traded fund’s stock after selling 4,433 shares during the quarter. Truist Financial Corp owned about 0.17% of SPDR Gold Shares worth $174,315,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC boosted its position in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the period. GAMMA Investing LLC boosted its position in shares of SPDR Gold Shares by 93,830.5% in the first quarter. GAMMA Investing LLC now owns 166,257 shares of the exchange traded fund’s stock valued at $47,905,000 after acquiring an additional 166,080 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of SPDR Gold Shares by 9.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $361,000 after acquiring an additional 104 shares during the period. Finally, American National Bank & Trust boosted its position in shares of SPDR Gold Shares by 189.4% in the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 125 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.9%

GLD opened at $355.47 on Wednesday. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $355.57. The stock has a market capitalization of $118.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The business has a 50 day moving average of $321.77 and a 200-day moving average of $308.10.

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).