Pinnacle Financial Partners Inc Acquires 3,671 Shares of SPDR Gold Shares $GLD

Pinnacle Financial Partners Inc grew its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,296 shares of the exchange traded fund’s stock after buying an additional 3,671 shares during the period. Pinnacle Financial Partners Inc’s holdings in SPDR Gold Shares were worth $31,031,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. American National Bank & Trust lifted its stake in shares of SPDR Gold Shares by 52.4% during the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after buying an additional 100 shares during the last quarter. Beaumont Financial Advisors LLC grew its stake in SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after buying an additional 215 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after acquiring an additional 6,540 shares during the period. ST Germain D J Co. Inc. lifted its position in SPDR Gold Shares by 151.5% during the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 835 shares during the last quarter. Finally, Mather Group LLC. lifted its position in SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after acquiring an additional 34 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Trading Down 0.5%

Shares of NYSEARCA GLD opened at $421.29 on Friday. The firm has a market cap of $158.24 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1-year low of $249.15 and a 1-year high of $426.86. The business’s 50 day moving average is $395.73 and its 200-day moving average is $355.72.

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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