Bank of The West lifted its holdings in SPDR Gold Trust (NYSEARCA:GLD) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,636 shares of the exchange traded fund’s stock after purchasing an additional 3,056 shares during the period. Bank of The West’s holdings in SPDR Gold Trust were worth $6,137,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC grew its position in SPDR Gold Trust by 118.9% during the third quarter. RPg Family Wealth Advisory LLC now owns 939 shares of the exchange traded fund’s stock valued at $114,000 after purchasing an additional 510 shares in the last quarter. Field & Main Bank purchased a new position in SPDR Gold Trust during the fourth quarter valued at approximately $127,000. Mandatum Life Insurance Co Ltd purchased a new position in SPDR Gold Trust during the fourth quarter valued at approximately $133,000. Chicago Partners Investment Group LLC grew its position in SPDR Gold Trust by 179.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,116 shares of the exchange traded fund’s stock valued at $136,000 after purchasing an additional 716 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its position in SPDR Gold Trust by 76.3% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,132 shares of the exchange traded fund’s stock valued at $140,000 after purchasing an additional 490 shares in the last quarter.
Shares of SPDR Gold Trust (NYSEARCA GLD) traded up $1.92 on Wednesday, reaching $128.00. 5,011,112 shares of the company were exchanged, compared to its average volume of 9,266,487. The stock has a market capitalization of $35,410.00 and a P/E ratio of -14.54. SPDR Gold Trust has a 52-week low of $114.02 and a 52-week high of $129.51.
Separately, Standpoint Research boosted their price objective on shares of SPDR Gold Trust to $28,000.00 in a research report on Thursday, December 7th.
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SPDR Gold Trust 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).
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