Keybank National Association OH Reduces Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Keybank National Association OH lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,393 shares of the exchange traded fund’s stock after selling 3,695 shares during the quarter. Keybank National Association OH’s holdings in SPDR Gold Shares were worth $32,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GLD. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp grew its position in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares during the third quarter worth approximately $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $269.06 on Wednesday. SPDR Gold Shares has a 1-year low of $196.65 and a 1-year high of $272.32. The stock has a market cap of $80.88 billion, a P/E ratio of -28.59 and a beta of 0.20. The firm has a fifty day moving average price of $256.64 and a 200 day moving average price of $247.49.

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).