M&T Bank Corp lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 91,560 shares of the exchange traded fund’s stock after selling 2,783 shares during the quarter. M&T Bank Corp’s holdings in SPDR Gold Shares were worth $22,169,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $28,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp increased its stake in SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the period. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the third quarter worth $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the third quarter worth $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.2 %
GLD stock opened at $269.62 on Thursday. The business’s fifty day simple moving average is $257.20 and its two-hundred day simple moving average is $247.65. SPDR Gold Shares has a twelve month low of $197.44 and a twelve month high of $272.32. The firm has a market cap of $81.05 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.
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).
Featured Stories
- Five stocks we like better than SPDR Gold Shares
- What Does a Stock Split Mean?
- Corporate Crawl: Where Business Trips Turn Into Party Nights?
- What is the NASDAQ Stock Exchange?
- CrowdStrike’s Growth Remains Strong—Buy While It’s Down
- There Are Different Types of Stock To Invest In
- Is Advanced Micro Devices Stock Slide Over?
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
