First National Bank of Mount Dora Trust Investment Services Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

First National Bank of Mount Dora Trust Investment Services lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,210 shares of the exchange traded fund’s stock after selling 125 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in SPDR Gold Shares were worth $294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLD. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Semmax Financial Advisors Inc. raised its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares in the last quarter. Private Ocean LLC raised its position in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Chris Bulman Inc acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $29,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock traded up $0.61 on Monday, hitting $253.08. 1,342,567 shares of the stock traded hands, compared to its average volume of 6,953,311. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $257.71. The company’s fifty day moving average is $242.43 and its 200 day moving average is $227.66.

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).