Pinnacle Financial Partners Inc Acquires 1,019 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Pinnacle Financial Partners Inc raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 99,920 shares of the exchange traded fund’s stock after acquiring an additional 1,019 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in SPDR Gold Shares were worth $24,196,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Strategic Financial Concepts LLC boosted its position in SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after buying an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after buying an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after purchasing an additional 146,271 shares in the last quarter. Banco Santander S.A. increased its stake in SPDR Gold Shares by 245.1% in the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after purchasing an additional 114,151 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after buying an additional 100,149 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.1 %

SPDR Gold Shares stock opened at $270.74 on Friday. SPDR Gold Shares has a twelve month low of $187.05 and a twelve month high of $271.84. The company has a 50 day moving average of $253.00 and a 200-day moving average of $245.15.

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).