SVB Wealth LLC Sells 15,981 Shares of SPDR Gold Shares (NYSEARCA:GLD)

SVB Wealth LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 37.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,657 shares of the exchange traded fund’s stock after selling 15,981 shares during the quarter. SVB Wealth LLC’s holdings in SPDR Gold Shares were worth $5,484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter valued at $26,000. First Personal Financial Services purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at $26,000. Security National Bank purchased a new stake in shares of SPDR Gold Shares during the first quarter valued at $28,000. Finally, Gold Investment Management Ltd. purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at $27,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Down 0.1 %

Shares of SPDR Gold Shares stock traded down $0.31 during trading on Monday, hitting $220.32. 4,459,898 shares of the company’s stock traded hands, compared to its average volume of 7,202,591. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $229.65. The business has a 50-day simple moving average of $218.18 and a 200-day simple moving average of $207.38.

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).