City Holding Co. Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

City Holding Co. increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,532 shares of the exchange traded fund’s stock after purchasing an additional 625 shares during the quarter. City Holding Co.’s holdings in SPDR Gold Shares were worth $1,339,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Stifel Financial Corp lifted its position in shares of SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the last quarter. State Street Corp lifted its position in shares of SPDR Gold Shares by 6.6% during the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares during the last quarter. US Bancorp DE grew its holdings in shares of SPDR Gold Shares by 0.5% in the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in SPDR Gold Shares by 4.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after buying an additional 30,952 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Down 0.5 %

Shares of GLD opened at $249.27 on Monday. The company has a 50-day moving average of $243.85 and a 200 day moving average of $238.37. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.

About SPDR Gold Shares

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).