NBT Bank N A NY Boosts Position in SPDR Gold Shares (NYSEARCA:GLD)

NBT Bank N A NY raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% during the 1st quarter, Holdings Channel reports. The firm owned 9,292 shares of the exchange traded fund’s stock after acquiring an additional 469 shares during the quarter. NBT Bank N A NY’s holdings in SPDR Gold Shares were worth $2,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GLD. Robertson Stephens Wealth Management LLC boosted its position in shares of SPDR Gold Shares by 840.4% in the 1st quarter. Robertson Stephens Wealth Management LLC now owns 53,097 shares of the exchange traded fund’s stock worth $15,299,000 after buying an additional 47,451 shares in the last quarter. Berkshire Bank purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $211,000. Kercheville Advisors LLC raised its position in SPDR Gold Shares by 4.4% during the first quarter. Kercheville Advisors LLC now owns 6,764 shares of the exchange traded fund’s stock worth $1,949,000 after acquiring an additional 285 shares during the last quarter. Consilium Wealth Advisory LLC raised its position in SPDR Gold Shares by 7.7% during the first quarter. Consilium Wealth Advisory LLC now owns 22,879 shares of the exchange traded fund’s stock worth $6,592,000 after acquiring an additional 1,628 shares during the last quarter. Finally, AA Financial Advisors LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $202,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $311.78 on Tuesday. SPDR Gold Shares has a 12 month low of $212.12 and a 12 month high of $317.63. The firm has a market capitalization of $101.95 billion, a PE ratio of -32.43 and a beta of 0.11. The company’s 50 day simple moving average is $304.30 and its 200-day simple moving average is $275.57.

About SPDR Gold Shares

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).