SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,658 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Trustmark National Bank Trust Department’s holdings in SPDR Gold Shares were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $1,929,000. SOA Wealth Advisors LLC. increased its holdings in SPDR Gold Shares by 54.0% in the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 68 shares in the last quarter. World Investment Advisors LLC lifted its position in shares of SPDR Gold Shares by 17.3% during the 3rd quarter. World Investment Advisors LLC now owns 15,479 shares of the exchange traded fund’s stock valued at $3,762,000 after acquiring an additional 2,288 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of SPDR Gold Shares by 451.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,860 shares of the exchange traded fund’s stock worth $13,577,000 after acquiring an additional 45,724 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of SPDR Gold Shares by 12.7% in the 3rd quarter. Tidal Investments LLC now owns 14,850 shares of the exchange traded fund’s stock worth $3,609,000 after acquiring an additional 1,676 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $296.23 on Tuesday. The company has a market cap of $89.05 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a one year low of $210.71 and a one year high of $299.28. The business’s fifty day moving average is $275.23 and its two-hundred day moving average is $256.99.

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).