SPDR Gold Shares $GLD Stock Position Trimmed by AMG National Trust Bank

AMG National Trust Bank cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,873 shares of the exchange traded fund’s stock after selling 2,023 shares during the quarter. SPDR Gold Shares comprises 0.8% of AMG National Trust Bank’s holdings, making the stock its 28th biggest position. AMG National Trust Bank’s holdings in SPDR Gold Shares were worth $31,968,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the 1st quarter valued at about $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its holdings in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in SPDR Gold Shares during the second quarter worth approximately $43,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $370.13 on Friday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The firm has a market cap of $134.32 billion, a P/E ratio of -32.43 and a beta of 0.09. The stock has a fifty day moving average price of $350.46 and a two-hundred day moving average price of $322.02.

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).