American National Bank & Trust Buys 100 Shares of SPDR Gold Shares $GLD

American National Bank & Trust grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 52.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291 shares of the exchange traded fund’s stock after buying an additional 100 shares during the quarter. American National Bank & Trust’s holdings in SPDR Gold Shares were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kerntke Otto McGlone Wealth Management Group bought a new position in shares of SPDR Gold Shares during the second quarter valued at about $281,000. Register Financial Advisors LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at about $215,000. Dakota Wealth Management grew its stake in shares of SPDR Gold Shares by 5.8% during the second quarter. Dakota Wealth Management now owns 25,123 shares of the exchange traded fund’s stock valued at $7,658,000 after buying an additional 1,379 shares during the last quarter. Octavia Wealth Advisors LLC grew its stake in shares of SPDR Gold Shares by 3.7% during the second quarter. Octavia Wealth Advisors LLC now owns 3,396 shares of the exchange traded fund’s stock valued at $1,035,000 after buying an additional 121 shares during the last quarter. Finally, Magnus Financial Group LLC grew its stake in shares of SPDR Gold Shares by 2.6% during the second quarter. Magnus Financial Group LLC now owns 7,986 shares of the exchange traded fund’s stock valued at $2,434,000 after buying an additional 206 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.6%

Shares of NYSEARCA:GLD opened at $346.74 on Friday. The stock’s 50-day moving average price is $320.20 and its 200-day moving average price is $306.75. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $348.75. The stock has a market capitalization of $115.60 billion, a P/E ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares 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).