Texas Bank & Trust Co Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Texas Bank & Trust Co acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,100 shares of the exchange traded fund’s stock, valued at approximately $3,656,000. SPDR Gold Shares makes up 1.5% of Texas Bank & Trust Co’s investment portfolio, making the stock its 14th largest position.

Several other institutional investors have also modified their holdings of the business. TrinityPoint Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 12.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 6,670 shares of the exchange traded fund’s stock valued at $1,615,000 after purchasing an additional 732 shares in the last quarter. Stuart Chaussee & Associates Inc. acquired a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $351,000. Salus Financial Advisors LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $1,710,000. Sentinus LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $243,000. Finally, Snowden Capital Advisors LLC raised its position in SPDR Gold Shares by 4.9% in the 4th quarter. Snowden Capital Advisors LLC now owns 46,943 shares of the exchange traded fund’s stock valued at $11,366,000 after buying an additional 2,214 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $294.24 on Friday. The business’s 50 day simple moving average is $292.63 and its 200 day simple moving average is $266.28. SPDR Gold Shares has a 52-week low of $211.54 and a 52-week high of $317.63. The firm has a market cap of $88.45 billion, a PE ratio of -32.43 and a beta of 0.12.

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).