M&T Bank Corp Sells 2,783 Shares of SPDR Gold Shares (NYSEARCA:GLD)

M&T Bank Corp trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,560 shares of the exchange traded fund’s stock after selling 2,783 shares during the quarter. M&T Bank Corp’s holdings in SPDR Gold Shares were worth $22,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $31,000. PayPay Securities Corp boosted its position in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at approximately $38,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $269.62 on Thursday. The company has a market capitalization of $81.05 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a one year low of $197.44 and a one year high of $272.32. The stock has a 50 day moving average price of $257.20 and a 200-day moving average price of $247.65.

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).