FineMark National Bank & Trust Decreases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

FineMark National Bank & Trust trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,056 shares of the exchange traded fund’s stock after selling 231 shares during the period. FineMark National Bank & Trust’s holdings in SPDR Gold Shares were worth $6,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $31,000. PayPay Securities Corp raised its position in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 47 shares in the last quarter. Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares during the fourth quarter valued at $39,000. Compass Planning Associates Inc bought a new position in SPDR Gold Shares in the 4th quarter worth about $39,000. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of SPDR Gold Shares by 54.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $277.25 on Tuesday. SPDR Gold Shares has a 1-year low of $200.97 and a 1-year high of $281.48. The company has a market capitalization of $83.34 billion, a P/E ratio of -29.30 and a beta of 0.20. The firm’s 50 day simple moving average is $265.10 and its 200 day simple moving average is $251.67.

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).