Hilltop National Bank Invests $1.21 Million in SPDR Gold Shares $GLD

Hilltop National Bank purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,968 shares of the exchange traded fund’s stock, valued at approximately $1,210,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $524,000. TFG Advisers LLC grew its position in SPDR Gold Shares by 6.1% during the second quarter. TFG Advisers LLC now owns 1,578 shares of the exchange traded fund’s stock worth $481,000 after buying an additional 91 shares during the period. J2 Capital Management Inc grew its position in SPDR Gold Shares by 12.5% during the second quarter. J2 Capital Management Inc now owns 5,759 shares of the exchange traded fund’s stock worth $1,756,000 after buying an additional 641 shares during the period. Riverview Trust Co acquired a new position in SPDR Gold Shares during the second quarter worth about $61,000. Finally, Viewpoint Investment Partners Corp grew its position in SPDR Gold Shares by 168.1% during the second quarter. Viewpoint Investment Partners Corp now owns 9,050 shares of the exchange traded fund’s stock worth $2,759,000 after buying an additional 5,675 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.3%

Shares of GLD opened at $354.79 on Friday. The firm’s 50-day moving average is $323.54 and its two-hundred day moving average is $308.97. SPDR Gold Shares has a twelve month low of $236.13 and a twelve month high of $358.67. The firm has a market capitalization of $125.49 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).