SPDR Gold Shares (NYSEARCA:GLD) is Nvest Financial LLC’s 2nd Largest Position

Nvest Financial LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 38,678 shares of the exchange traded fund’s stock after selling 1,336 shares during the quarter. SPDR Gold Shares comprises 4.8% of Nvest Financial LLC’s investment portfolio, making the stock its 2nd biggest holding. Nvest Financial LLC’s holdings in SPDR Gold Shares were worth $9,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLD. International Assets Investment Management LLC lifted its position in shares of SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after acquiring an additional 3,010,682 shares during the period. Stifel Financial Corp grew its holdings in shares of SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after acquiring an additional 100,149 shares during the period. State Street Corp increased its stake in SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares in the last quarter. US Bancorp DE raised its holdings in SPDR Gold Shares by 0.5% during the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in SPDR Gold Shares by 4.9% during the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after purchasing an additional 30,952 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $255.18 on Wednesday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The business has a fifty day simple moving average of $245.79 and a 200-day simple moving average of $240.16.

SPDR Gold Shares 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).