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

City Holding Co. lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 12.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,532 shares of the exchange traded fund’s stock after buying 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 reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Semmax Financial Advisors Inc. increased its stake in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the third quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the third quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the third quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC lifted its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $249.27 on Monday. The company’s 50-day moving average price is $243.85 and its 200-day moving average price is $238.37. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).