M&T Bank Corp Sells 1,524 Shares of SPDR Gold Shares (NYSEARCA:GLD)

M&T Bank Corp decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,343 shares of the exchange traded fund’s stock after selling 1,524 shares during the quarter. M&T Bank Corp’s holdings in SPDR Gold Shares were worth $22,931,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of SPDR Gold Shares by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock worth $242,732,000 after buying an additional 28,683 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of SPDR Gold Shares by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock worth $216,668,000 after buying an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of SPDR Gold Shares by 6.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock worth $184,474,000 after buying an additional 54,974 shares during the period. Finally, Stifel Financial Corp raised its stake 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 worth $199,924,000 after buying an additional 100,149 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.3 %

NYSEARCA:GLD opened at $248.53 on Wednesday. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71. The stock has a 50-day moving average price of $246.41 and a 200 day moving average price of $232.59.

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).