SPDR Gold Shares (NYSEARCA:GLD) Stake Trimmed by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,679 shares of the exchange traded fund’s stock after selling 3,288 shares during the quarter. SPDR Gold Shares makes up 0.9% of Atlantic Union Bankshares Corp’s investment portfolio, making the stock its 27th largest holding. Atlantic Union Bankshares Corp’s holdings in SPDR Gold Shares were worth $15,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $219,000. Maia Wealth LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $72,000. Cozad Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 15.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 4,299 shares of the exchange traded fund’s stock valued at $1,045,000 after buying an additional 590 shares during the last quarter. Consolidated Planning Corp acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $240,000. Finally, Mainstream Capital Management LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $1,364,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $268.39 on Friday. The stock has a 50-day simple moving average of $258.24 and a 200-day simple moving average of $248.05. SPDR Gold Shares has a 52-week low of $198.94 and a 52-week high of $272.32. The firm has a market cap of $80.68 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

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).