First National Trust Co Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

First National Trust Co lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 42.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 249,529 shares of the exchange traded fund’s stock after selling 186,012 shares during the quarter. SPDR Gold Shares comprises about 2.1% of First National Trust Co’s holdings, making the stock its 9th biggest position. First National Trust Co’s holdings in SPDR Gold Shares were worth $47,702,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLD. First Personal Financial Services bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $25,000. Johnson Midwest Financial LLC boosted its stake in shares of SPDR Gold Shares by 350.0% during the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 140 shares in the last quarter. Private Ocean LLC grew its holdings in shares of SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 114 shares during the last quarter. Naples Money Management LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $31,000. Finally, GAMMA Investing LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at $33,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

Shares of NYSEARCA:GLD traded down $0.17 during midday trading on Friday, reaching $212.96. The company had a trading volume of 8,679,910 shares, compared to its average volume of 11,009,346. The company has a fifty day simple moving average of $207.17 and a two-hundred day simple moving average of $193.75. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09.

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).