First American Trust FSB Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

First American Trust FSB increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,732 shares of the exchange traded fund’s stock after buying an additional 288 shares during the quarter. First American Trust FSB’s holdings in SPDR Gold Shares were worth $904,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLD. WorthPointe LLC increased its position in shares of SPDR Gold Shares by 62.5% in the 4th quarter. WorthPointe LLC now owns 9,997 shares of the exchange traded fund’s stock valued at $2,421,000 after purchasing an additional 3,846 shares during the last quarter. Modern Wealth Management LLC increased its holdings in SPDR Gold Shares by 39.4% in the fourth quarter. Modern Wealth Management LLC now owns 9,301 shares of the exchange traded fund’s stock valued at $2,496,000 after buying an additional 2,631 shares during the last quarter. Grantvest Financial Group LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $409,000. Lynx Investment Advisory lifted its holdings in SPDR Gold Shares by 10.4% during the 4th quarter. Lynx Investment Advisory now owns 17,735 shares of the exchange traded fund’s stock worth $4,294,000 after buying an additional 1,669 shares during the last quarter. Finally, Congress Wealth Management LLC DE boosted its position in shares of SPDR Gold Shares by 5.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 21,441 shares of the exchange traded fund’s stock worth $5,192,000 after acquiring an additional 1,181 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $277.25 on Tuesday. The stock’s 50-day simple moving average is $265.10 and its 200-day simple moving average is $251.67. The firm has a market capitalization of $83.34 billion, a PE ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $200.97 and a fifty-two week high of $281.48.

SPDR Gold Shares 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).