AMG National Trust Bank Sells 2,632 Shares of SPDR Gold Shares (NYSEARCA:GLD)

AMG National Trust Bank trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,448 shares of the exchange traded fund’s stock after selling 2,632 shares during the quarter. SPDR Gold Shares accounts for approximately 0.7% of AMG National Trust Bank’s investment portfolio, making the stock its 29th largest holding. AMG National Trust Bank’s holdings in SPDR Gold Shares were worth $26,359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GLD. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares during the second quarter worth $25,000. Semmax Financial Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 78.7% in the second 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 holdings in shares of SPDR Gold Shares by 155.1% in the second 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. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the third quarter valued at about $28,000. Finally, Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares in the second quarter valued at about $29,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $236.59 on Monday. The business has a 50-day moving average price of $244.95 and a 200 day moving average price of $229.64. SPDR Gold Shares has a 1-year low of $182.23 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).