Truist Financial Corp Has $174.32 Million Stake in SPDR Gold Shares $GLD

Truist Financial Corp trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the second quarter, HoldingsChannel.com reports. The firm owned 571,845 shares of the exchange traded fund’s stock after selling 4,433 shares during the period. Truist Financial Corp’s holdings in SPDR Gold Shares were worth $174,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Principal Securities Inc. increased its position in shares of SPDR Gold Shares by 0.3% during the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after purchasing an additional 33 shares during the last quarter. Mather Group LLC. increased its position in shares of SPDR Gold Shares by 1.8% during the 2nd quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of SPDR Gold Shares by 6.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock worth $164,000 after purchasing an additional 35 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of SPDR Gold Shares by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after purchasing an additional 35 shares during the last quarter. Finally, FourThought Financial Partners LLC boosted its stake in shares of SPDR Gold Shares by 3.5% during the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 35 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.9%

Shares of NYSEARCA GLD opened at $355.47 on Wednesday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $355.57. The stock has a 50 day moving average of $321.77 and a 200-day moving average of $308.10. The company has a market capitalization of $118.51 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).