SPDR Gold Shares (GLD) Shares Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 138.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,962 shares of the exchange traded fund’s stock after acquiring an additional 7,524 shares during the quarter. Wesbanco Bank Inc.’s holdings in SPDR Gold Shares were worth $1,571,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of SPDR Gold Shares by 15.3% in the third quarter. The Manufacturers Life Insurance Company now owns 128,644 shares of the exchange traded fund’s stock worth $14,505,000 after buying an additional 17,066 shares during the last quarter. Ruffer LLP bought a new stake in shares of SPDR Gold Shares in the third quarter worth $350,000. David R. Rahn & Associates Inc. increased its stake in shares of SPDR Gold Shares by 18.0% in the fourth quarter. David R. Rahn & Associates Inc. now owns 39,321 shares of the exchange traded fund’s stock worth $4,768,000 after buying an additional 5,984 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of SPDR Gold Shares by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 524,637 shares of the exchange traded fund’s stock worth $59,159,000 after buying an additional 9,890 shares during the last quarter. Finally, Evercore Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 0.9% in the third quarter. Evercore Wealth Management LLC now owns 55,619 shares of the exchange traded fund’s stock worth $6,272,000 after buying an additional 514 shares during the last quarter.

Shares of NYSEARCA:GLD traded down $0.58 during midday trading on Monday, reaching $123.63. The company had a trading volume of 155,514 shares, compared to its average volume of 8,799,795. SPDR Gold Shares has a one year low of $111.06 and a one year high of $129.47.

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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).

Further Reading: Why is the ROA ratio important?

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).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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