Bangor Savings Bank Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

Bangor Savings Bank lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 450 shares of the exchange traded fund’s stock after selling 50 shares during the period. Bangor Savings Bank’s holdings in SPDR Gold Shares were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GLD. Thurston Springer Miller Herd & Titak Inc. boosted its stake in SPDR Gold Shares by 6.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after acquiring an additional 35 shares during the last quarter. KMG Fiduciary Partners LLC boosted its stake in SPDR Gold Shares by 1.1% during the 1st quarter. KMG Fiduciary Partners LLC now owns 3,563 shares of the exchange traded fund’s stock valued at $1,027,000 after acquiring an additional 38 shares during the last quarter. Marcum Wealth LLC boosted its stake in SPDR Gold Shares by 4.3% during the 1st quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock valued at $275,000 after acquiring an additional 39 shares during the last quarter. Clarus Group Inc. boosted its stake in SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after acquiring an additional 40 shares during the last quarter. Finally, Kellett Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $305.18 on Monday. The stock has a market capitalization of $99.79 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63. The company’s fifty day moving average is $300.63 and its two-hundred day moving average is $272.82.

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).