Trust Co. of Vermont Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Trust Co. of Vermont boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,341 shares of the exchange traded fund’s stock after acquiring an additional 204 shares during the quarter. Trust Co. of Vermont’s holdings in SPDR Gold Shares were worth $2,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of SPDR Gold Shares during the fourth quarter worth about $26,000. HWG Holdings LP acquired a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $53,000. American National Bank & Trust raised its stake in shares of SPDR Gold Shares by 189.4% during the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 125 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $55,000. Finally, Mattson Financial Services LLC purchased a new position in SPDR Gold Shares in the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $306.78 on Friday. The stock has a market capitalization of $102.28 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $214.45 and a 1 year high of $317.63. The company’s fifty day moving average is $306.41 and its two-hundred day moving average is $278.74.

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).