Oakworth Capital Inc. Sells 1,227 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Oakworth Capital Inc. trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,368 shares of the exchange traded fund’s stock after selling 1,227 shares during the quarter. SPDR Gold Shares makes up 0.8% of Oakworth Capital Inc.’s portfolio, making the stock its 24th largest position. Oakworth Capital Inc.’s holdings in SPDR Gold Shares were worth $10,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. First Personal Financial Services purchased a new position in SPDR Gold Shares during the fourth quarter worth about $25,000. Johnson Midwest Financial LLC grew its position in SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 140 shares in the last quarter. Private Ocean LLC grew its position in SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 114 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in SPDR Gold Shares during the third quarter worth about $34,000. Finally, Worth Asset Management LLC purchased a new position in SPDR Gold Shares during the first quarter worth about $36,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock traded down $1.87 during midday trading on Wednesday, hitting $219.35. 9,926,680 shares of the company’s stock were exchanged, compared to its average volume of 7,876,342. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09. The stock has a 50-day moving average price of $199.63 and a two-hundred day moving average price of $190.06.

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).